(18 SEPTEMBER 2017)GBP / USD:Surging.

(18 SEPTEMBER 2017)GBP / USD:Surging.

18 September 2017, 13:49
Jiming Huang
0
16

gbp

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.


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