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GBP/USD Downtrend Resuming?

GBP/USD Downtrend Resuming?

2016-02-16 21:01:00
Jamie Saettele, CMT, Sr. Technical Strategist
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GBP/USD Downtrend Resuming?

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is no change to recent comments regarding GBP/USD. “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.”

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