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Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-The near term GBP/USD rally has failed but the rate is trading off of a long term support (see here ). A push through the recent high of 1.4515 is needed in order to open up a run towards longer term downtrend resistance (and the 200 day average) close to 1.50. Recent reactions at the 1/21 low indicate support and are promising.
For more analysis and trade setups (exact entry and exit) , visit SB Trade Desk
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.