GBP-USD: Remains Above Rising Trend Line
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (fxtechstrategy.com) -- The pound-dollar currency pair may be hesitating and threatened by the bears, but it continues to trade and hold above its trend-line support (at 1.5803).
As long as GBP-USD holds above this line, it's likely to rise and return to its key resistance at 1.6059.
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