GBPUSD has rebounded following today's BOE announcement. Today's gains leave a key support at 1.3602 unchallenged, Aug 20 low. Furthermore, it also means triangle support at 1.3633 remains intact despite being probed yesterday and today. The move higher opens resistance at 1.3759, the 20-day EMA. On the downside, a clear break of 1.3633-02 is required to reinstate bearish pressure.

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Taso Anastasiou

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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Strong Bounce Off Triangle Base