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GBP/USD Staying below 2015 Lows

GBP/USD Staying below 2015 Lows

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

GBP/USD Staying below 2015 Lows

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-GBP/USD continues to hold beneath the 2015 lows (1.4565 and 1.4634). In other words, former support is providing resistance. The implication is bearish although a period of sideways action is possible in order to reset the market for its next directional move.

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.

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