The GBPUSD is up testing trend line and 1.3300 level

Technical Analysis

Author: Greg Michalowski | gbpusd

Pushes to new highs...


InThe GBPUSD has moved to a new session high and in the process has moved to test a topside trend line and the natural resistance level at 1.3300.  Sellers are stalling the rise on the first look (see prior post).  

On a break higher, the swing highs in the range since the beginning of October come in at 1.3320 and then 1.3337. The 1.3337 level is close to the 50% of the move down from the September high at 1.33405 and the swing low going back to September 28th.