(14 AUGUST 2017)GBP / USD:Pausing above support at 1.2933.

(14 AUGUST 2017)GBP / USD:Pausing above support at 1.2933.

14 August 2017, 13:42
Jiming Huang
0
19

gbp


Pausing above support at 1.2933.

(Yann Quelenn )

• GBP/USD is now trading sideways. Hourly 

resistance is given at 1.3267 (03/08/2017 high). 

Hourly support is given at 1.2933 (20/07/2017 

low). Expected to show further monitoring of 

support at 1.2933. 

• 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.

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