(06 NOVEMBER 2017)GBP / USD:Monitoring support at 1.3000.

(06 NOVEMBER 2017)GBP / USD:Monitoring support at 1.3000.

6 November 2017, 12:49
Jiming Huang
0
11

gbp

Monitoring support at 1.3000.

(By Yann Quelenn)

• GBP/USD is back towards support given at

1.3027 (06/10/2017 low). String resistance is

given at 1.3338 (13/10/2017 high). Expected to

show continued decline.

• 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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