Surging.
(By Yann Quelenn )
• GBP/USD is consolidating lower. The pair has
broken hourly resistance at 1.3329 (13/09/2017
high). Strong support is given at 1.2774
(24/08/2017 low). Expected to show continued
bullish pressures.
• 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.
