News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
GBP/USD Underside of Trendline Provides Resistance

GBP/USD Underside of Trendline Provides Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

GBP/USD Underside of Trendline Provides Resistance

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-The most recent update noted that “a break under 1.5200 (parallel support) would suggest that the next leg lower (towards the April low) is underway.” The rebound this week is viewed within the context of the breakdown. If GBP/USD is headed lower, then it probably heads lower now (underside of recent support line).

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES