Daily At Crossroads

1 באוק׳ 2016

GBPUSD Price action on the daily has continued to move along the downward sloping purple trend line lately while staying above the medium upward sloping yellow trendline set in August. Note, there are 2 upward trendlines, of which one was breached below since Sept 19th and it appears that price action is set to challenge the next depicted in yellow. Major support seen 1.2863 depicted in red. This pair may get a lift should other cross pairs begin to move upwards : EURUSD, CADUSD, & AUDUSD.