The British Pound plunged more than 1.5% off fresh yearly highs registered on Friday with Sterling threatening a larger correction within the broader uptrend. These are the updated targets and invalidation levels that matter on the GBP/USD short-term technical charts.
Sterling is ranging just below 2022 trend resistance as the outlook for the September rally hangs in the balance. Levels that matter on the GBP/USD technical charts.
The September rally has extended into yearly downtrend resistance with the FOMC, BoE and NFPs on tap. Levels that matter on the GBP/USD weekly chart into November.
Updates on setups we're tracking in the British Pound, Canadian Dollar and the S&P 500. The levels that matter on the technical charts into the weekly close.