GBP/USD Update – 13/12/2017 (08:30am) – by Arjun Lakhanpal

December 13, 2017 by

GBP/USD Update – 13/12/2017 (08:30am): GBP looking weak again. Yesterday we saw a bounce above the 2014-2017 downtrend and this has introduced scope to the 1.3658/71 September high and double Fibonacci retracement. But we have failed again to push on.. This move back below 1.3320 should be enough to alleviate immediate upside pressure and allow for weakness back to the 1.3157 2016-2017 uptrend.