Search ForexCrunch

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.