Sep 14 2017

GBPUSD Technical View

 

The pair seems now poised to extend its decline, as in the 4 hours chart, the price broke below the 1.3225 price zone, where it has its 20 SMA and the 23.6% retracement of its latest bullish run between 1.2908 and the afore mentioned high of 1.3328, heading now towards the 1.3160 region, where the pair bottomed earlier this week, and also has the 38.2% retracement of the mentioned rally. A recovery beyond 1.3225 should take off the pair some of the current bearish pressure, although a clearer picture will come after Carney & Co. announcement.