Volatility declines.
(By Yann Quelenn)
• GBP/USD is still holding below 1.32. Support is
given at 1.3027 (06/10/2017 low). Resistance area
is given around 1.3200. Expected to show further
increase.
• The long-term technical pattern is reversing.
The Brexit vote had paved the way for further
decline. Long-term support can be found at
1.1841 (07/10/2017 low). Long-term resistance
given around 1.35 is at stake and indicates a
long-term reversal in the negative trend. Yet, it is
very unlikely at the moment.
