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Technical Focus: 1.2800s Represent Huge Test for GBP/USD

Technical Focus: 1.2800s Represent Huge Test for GBP/USD

Jamie Saettele, CMT, Sr. Technical Strategist

GBP/USD is nearing a 3 month high. Every 3 month high since July 2014 has failed (been the top) within a week. This time might be different given the long term cycle but the 1.2800 handle is still a big test.

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