GBPUSD traded firmer Monday. Price remains below the Oct 12 high of 1.3083 though. A break of this level is needed to resume the recent uptrend that would open 1.3000 and 1.3186. The latter is the former trendline support drawn off the Mar 20 low. The trendline was breached on Sep 9. A break of 1.3186 is required to strengthen a bullish theme. Firm near-term support lies at 1.2846. A breach would instead signal scope for a deeper pullback.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

Bullet Foreign Exchange Technical Analysis Markets Foreign Exchange News

Edward Hardy

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

Bullet Foreign Exchange Technical Analysis Markets Foreign Exchange News

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