GBP/USD Daily Doji at 31 Year Trendline
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.” GBP/USD remains at support…
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.