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Chart Of The Day: GBP/USD

Discussion in 'Technical Analysis' started by ActionForex.com, Jul 24, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    As of this writing, price action on the GBP/USD daily chart, as shown, has just reached down and touched the bottom support line of a short-term parallel uptrend channel (in green). Currently, price has stalled and consolidated near this support level. It should be noted that this uptrend channel is...

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