Forex technical analysis: GBPUSD falls to new lows into the end of week fixing - ConsultFX

Forex technical analysis: GBPUSD falls to new lows into the end of week fixing

The trend down continues but momentum fading Earlier I spoke about the 1.3322 level. That was a trend line on the hourly chart ().  That level started to hold in the NY session, and there was a modest consolidation/rebound. The price moved to a high of 1.3339 - staying below the 1.3349-54 level outlined as a Copyright 2015 Forexlive.com