GBPUSD on Monday tested descending trendline that connects max levels of 25.Aug and 18.Sep, 1.5818 and 1.5658.
As displayed on 4-hour timeframe, GBPUSD static resistance is set at 1.5494, local high of 14.Oct which has been tested 4 times since that time.
Bounce from 1.5495 and close below trendline projection 1.5470 gives opportunity to sell GBPUSD targeting 1.5375.
Bounce from 1.5495 and close below trendline projection 1.5470 gives opportunity to sell GBPUSD targeting 1.5375.
