Forex technical analysis: GBPUSD falls to trend lines support and stalls - ConsultFX

Forex technical analysis: GBPUSD falls to trend lines support and stalls

Line was broken last week but failed. Reestablished on Monday. The GBPUSD fell to new session lows but reached an old trend line and stalled. That "old" line, was actually broken on Friday last week, but reached the low from December 12th (and near the 50% retracement) and stalled (see chart below).  Yesterday, the line reestablished Copyright 2015 Forexlive.com