GBP/USD Rallies from Parallel Support
Chart Prepared by Jamie Saettele, CMT
-The most recent update noted that “the rebound 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).” GBP/USD headed lower and begins December at support from a parallel. A bigger rebound is possible at this level but would watch for resistance near 1.5170 (horizontal).