GBP/USD Former Channel Resistance Holds as Support
Chart Prepared by Jamie Saettele, CMT
-The last update noted that “the crash day close at 1.2433 may prove useful as a pivot (a bias level). A close above the channel line would clear the way for strength towards the July low at 1.2791.” GBP/USD broke through 1.2433 today so focus is towards the mentioned range low at 1.2791.
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