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Back Technical analysis
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Back Technical analysis
GBP/USD. September 20th. The Pound Has Two Major Advantages
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair continued its upward movement on Thursday, consolidating above the 161.8% corrective level at 1.3259. This suggests that the pound's rise could continue toward the next targets at 1.3357 and 1.3425. The bears failed twice to hold the pair below the nearest support level at 1.3151. The wave pattern is clear for now. The last completed downward wave broke the low of the previous wave, while the last upward wave broke the peak
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Samir Klishi,
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