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GBP/USD Testing Short-term Trendline Near 1.54

posted by Avatar FXTimes 346 days ago in USD, GBP, Technical made popular 346 days ago

The GBP/USD retreated from the 1.56 level after Bernanke gave no hint of QE.
It is now just above 1.54, during the 6/8 US session. This is a pivot, a psychological handle, and also a rising short-term trendline formed by last Friday through this week’s price action (June). You can also say that this trendline is a “flag” pattern support...
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