FOREX Technicals Mania! British Pound Trades to Technical Perfection for 5 Consecutive Days

Seldom will chartists see a Daily trading chart that validates technical analysis as much as this British pound chart against the US dollar (GBP/USD) over the past 5 trading days.

On the chart below, we look at the key technical levels between the Low of 1.6051 on 10 September and the High of 1.6523 on 19 September.

We can see that the High and/ or the Low of each trading day was right around a key technical level. It is rare that we see trading activity that is so explicitly technical as this, especially on a Daily chart.

Will technical trading in cable continue through the end of the month?

Please view our YouTube video to see how technically the British pound actually traded.

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