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Daily technical outlook for GBP/USD: Societe Generale

Quotes from Societe Generale Cross Asset Research: -GBP/USD tested a multiyear upward channel limit at 1.49. Monthly indicator is testing a similar support highlighting 1.49 as an important level. -Short term, the pair h…

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Quotes from Societe Generale Cross Asset Research:

-GBP/USD tested a multiyear upward channel limit at 1.49. Monthly indicator is testing a similar support highlighting 1.49 as an important level.

-Short term, the pair has given a break above a multi month descending channel. With daily RSI inching above a resistance, the rebound appears to continue towards 1.5620.

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