Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
GBP/USD November High is in the Way for Now

GBP/USD November High is in the Way for Now

Jamie Saettele, CMT, Sr. Technical Strategist

Share:

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“The 20 day continues to hold and GBP/USD has broken through early month resistance just above 1.2400. This level was actually support today (1/24), which is viewed as a positive but the key level from a bullish perspective remains the 1/19 low at 1.2252.” High today was the November high (to the tick) so respect additional downside but Cable is constructive while above 1.2419 (the re-test low).

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES