GBPUSD - Upticks Are Still Limited By Strong Barrier At 1.2270 (N/T Congestion Top)

Discussion in 'Technical Analysis' started by Kaitlin, Oct 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Cable is holding near tops of recent congestion at 1.2270, which was retested on spike higher after upbeat UK data. Bullish hourly studies support further upside action, with sustained break above 1.2270 pivot, needed to signal fresh recovery. On the other side firmly bearish daily studies see limited upside attempts[​IMG]

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