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Back Technical analysis
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Back Technical analysis
GBP/USD – September 9: Andrew Bailey Sees No Basis for Monetary Policy Tightening
On the hourly chart, GBP/USD returned
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On the hourly chart, GBP/USD returned to the 100.0% retracement level at 1.3556 on Tuesday. Today, a rebound from the 1.3556 level would favor the US dollar and some decline toward the 1.3526 and 1.3489 levels. Consolidation above 1.3556 would allow traders to expect further growth toward the 1.3633–1.3641 resistance level. The market situation remains bullish. The latest completed upward wave broke above the previous peak, while the latest downward wave has not yet broken below the previous low.
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