gbp-usd
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From 1.6700, a triangle could be unfolding. If so, then expect additional consolidation with support coming in at 1.6400 and 1.6350. A GBPUSD push above 1.6610 would put 1.6700 in jeopardy although a rally through there could also complete a b or 2nd wave.
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates. He is the author of Sentiment in the Forex Market. Follow his intraday market commentary and trades at DailyFX Forex Stream. Send requests to receive his reports via email to jsaettele@dailyfx.com.
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