GBP/USD: Break above 1.3526-1.3549 would confirm a meaningful base – Goldman Sachs

GBPUSD has been in a broad corrective process since August and anything up to 1.3526-1.3549 can still be interpreted as counter-trend, according to Goldman Sachs’ technical analysts. 

Key points

The level to focus on is 1.3526-1.3549, as this area includes two separate ABC targets from January and February.

A break above that resistance range is needed to assume that a more meaningful rally is perhaps developing.

Bigwig Fx
Author: Bigwig Fx
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