Continued short-term selling pressures.
(Yann Quelenn )
• GBP/USD is still trading lower. The pair failed
to monitor resistance given at 1.3046 (18/05/2017
high). The road is wide-open for further
• The long-term technical pattern is even more
negative since the Brexit vote has paved the way
for further decline. Long-term support given at
1.0520 (01/03/85) represents a decent target.
Long-term resistance is given at 1.5018
(24/06/2015) and would indicate a long-term
reversal in the negative trend. Yet, it is very
unlikely at the moment.