GBP/USD Chart Analysis - 07/12/02017 by shivohum2015

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· @shivohum2015 ·
$11.12
GBP/USD Chart Analysis - 07/12/02017
![GBPUSDM5.png](https://steemitimages.com/DQmQry5wrMDhr68mPuNLRuvvq7Rv7PYC8VYeaebxPQ4AF3c/GBPUSDM5.png)

![GBPUSDM30.png](https://steemitimages.com/DQmeib9oAdxoTUQio1qZUHgEzDfLaDXN5wx1LsXryHThq3m/GBPUSDM30.png)

![GBPUSDDaily.png](https://steemitimages.com/DQmZooLSPfeBwti62MtS8ErEjcS7xyGh99GBtsH28wwWEyW/GBPUSDDaily.png)

<center><h2>Key Levels</h2></center>
GBP/USD eased back slightly yesterday following its break above major resistance (2014-2017 downtrend) at 1.3445, we have seen a weekly close above the 2014-2017 downtrend. 

This has introduced scope to the 1.3658 September high. It stays immediately bid above the 1.3338 mid-October high. Only below 1.3338 would alleviate immediate upside pressure and allow for weakness back to the 1.3130 2016-2017 uptrend. Where are we wrong? The 1.3130 2014-17 uptrend represents the breakdown point to 1.2830/1.2774, the 38.2% retracement and August low, and the 1.2575 50% retracement.

<hr></hr>
<center><h3>Thank You & Have a Great Day</h3></center>
<hr></hr>

![DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk (1).gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk%20(1).gif)
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@postpromoter ·
re-shivohum2015-gbp-usd-chart-analysis-07-12-02017-20171207t084148256z
You got a 16.79% upvote from @postpromoter courtesy of @shivohum2015!
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@sneaky-ninja ·
<p>This post has received a 0.28 % upvote from @sneaky-ninja thanks to: @shivohum2015.</p>
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@tpot ·
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WooHoo!!!

@Tpot has arrived to the party. Thanks to @shivohum2015 for being a community member and posting wonderful contents.
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