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GPB/USD On The Edge Of Breaching Long-Term Support

Discussion in 'Technical Analysis' started by Kaitlin, Nov 7, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Cable lost over 170 pips on Thursday, suffering from BoE governor's dovish statement. As a result, the strong immediate support was pierced, causing the GPB/USD to stabilise near the seven-month up-trend. Although the 23.60% Fibo, the Bollinger band and the weekly S1 are bolstering the support line, the broadly[​IMG]

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