GBP/USD Nearly 6 Year Low; Downtrend Support Still Lower
Chart Prepared by Jamie Saettele, CMT
-Near term, GBP/USD continues to decline within the confines of a well-defined channel. Longer term, the cross traded below the 2015 low today but be aware of slope that crosses virtually all important lows over the last 5 years in the next couple hundred pips. Countertrend strength could materialize off of these levels.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.