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Weekly analysis
GBP/USD opened the week at 1.5527 and quickly touched a high of 1.5151. It was all downhill for the pair throughout the week, as the pair dropped all the way to 1.5132, breaking below support at 1.5163. The pair closed the week at 1.5151.
With the pound posting sharp losses, we start with resistance at 1.5590.
1.5485 was a cap in the first half of September.
Daily analysis
1.5341 continues to be busy, and has switched to a resistance role following sharp losses by the pair.
1…
GBP/USD opened the week at 1.5527 and quickly touched a high of 1.5151. It was all downhill for the pair throughout the week, as the pair dropped all the way to 1.5132, breaking below support at 1.5163. The pair closed the week at 1.5151.
With the pound posting sharp losses, we start with resistance at 1.5590.
1.5485 was a cap in the first half of September.
Daily analysis
1.5341 continues to be busy, and has switched to a resistance role following sharp losses by the pair.
1…