GBPUSD Technical Analysis November 7th

UK PM May spoke before an official business lobby group but beyond her pledged to get the “best deal possible” when it comes to trade in the post-Brexit era, urging British businesses to be realistic about how long it will take to reach that deal, there were no new details.

Technically:

As you see on the chart our rising trend line worked as a support again.GBPUSD is testing a critical resistance on the Daily Chart. 1.31700 is EMA 50, MM Line and Tenkansen resistance.

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GBPUSD-DAILY-CHART-3

Source: http://www.fxters.com/gbpusd-technical-analysis-november-7th/

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