GBP/USD Technical Analysis: The Pound against the US dollar attempts to start its recovery at 1.32505

Denis Joeli Fatiaki Independent Analyst

The Pound against the US dollar had the same fate as the Euro during the European session after ECB's decision to slow down QE in September and put an end in December. The Pound fell from1.34466 and pierced through six major support points before finding temporary relief at 1.32567 support. The Pound is now trading at 132.628 and will need to hold above 1.32505 for any possibility of starting the recovery. Failure to hold at 1.32505 could see prices fall further to 1.32382

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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