British Pound is attempting to snap a three-week losing streak with GBP/USD reversing off downtrend support ahead of the BoE. Levels that matter on the technical charts.
The Sterling rally is trying to mark a fourth consecutive week with GBP/USD now approaching multi-month downtrend resistance. Levels that matter on the weekly chart.
Sterling continues to contract around the yearly moving average with the BoE and FOMC on tap next week. Here are the levels that matter on the GBP/USD weekly chart.
Sterling surged more than 3.1% off the September lows with price now testing the first major resistance hurdle. The levels that matter on the GBP/USD technical charts.
Sterling Forecast: GBP/USD Breakout Imminent as Cable Contracts dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.