TradingSig

British Pound (GBP/USD), Daily Chart Analysis September 8

OANDA:GBPUSD   British Pound / U.S. Dollar
Technical Analysis and Outlook
The Sterling now is having upside momentum on the daily chart as the GBP/USD pair remains slightly below the completed Outer Currency Rally line. Initial resistance awaits at later part of July's generated Mean Res $1.2482. It is followed by Key Res $1.2568.

On the downside, initial support which capped the pair on September 5 is Mean Sup $1.2167. Further down, we have Key Sup, completed Outer Currency Dip and Maginot Line, which held the currency down in mid-August. To continue the rest of the story, see 'Market Insight & Commentary September 8, 2019 page, at TradingSig_dot_com.

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