GBPUSD Analysis: Short Term Pullback

LMAX Group Research Desk LMAX Group

Any setbacks in the Pound are classified as minor corrections at this stage, with the market confined to a well defined uptrend since basing out back in October 2016 at +30 year lows. For now, a higher low is sought out all the way down at 1.3025 ahead of the next major upside extension through 1.3660 and towards 1.4200 further up.

In this analysis, we take a look at GBPUSD each day, highlighting all of the need to knows for anyone looking to extract up to date information on major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding Sterling (Pounds) or US Dollars, looking for an idea of where they may want to consider making that next conversion.

The GBPUSD update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.

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LMAX Group Research Desk

LMAX Group

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