02/28/2016 - GBP/USD: Burgers, the BOE, and Generational Support Levels

* GBP/USD: Burgers, the BOE, and Generational Support Levels
* Market Movers: Weekly Technical Outlook
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Unless you've been living under a rock, you know that GBP/USD has been in freefall over the last several weeks amidst fears of a potential "Brexit" (UK exit from the European Union) come June. But in the current short-attention-span/24-hour news cycle/twitter zeitgeist, it's easy to lose sight of the truly long-term picture.

Not only has GBP/USD dropped down to test its lows from the Great Financial Crisis, but on a LONG-term perspective, the pair is actually testing a 30-year generational support level. As the below chart shows, very few traders on global trading desks have ever seen GBP/USD trade below the 1.37 handle, including even when... Full text »

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from FOREX.com's Weekly Strategy http://www.forex.com/weekly-forex-research.html