GBP/USD bulls hold the fort above critical levels at the edge of the abyss – by fx_ross GBPUSD Technical Analysis Fed DollarIndex Currencies
GBP/USD, update
The price made fresh lows but the bulls stuck in there and have subsequently moved in on the 50% mean reversion target as the prior analysis had projected. At this juncture, bulls will need to keep above 1.1490 or face prospects of a move to the lowest levels since 1985, below 1.1413:On the other hand, should the bulls stay the course, then the upside eyes prospects of a significant retracement:Information on these pages contains forward-looking statements that involve risks and uncertainties.
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