GBP/USD – Tight Consolidation around Crash Day Close
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-Cable has pulled back from last Friday’s high. Big resistance still looms at the July low (1.2791). If GBP/USD is going to make it that level, then former trendline resistance turned support is a candidate to provide support again. That level is near 1.2200 on Friday.
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