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GBP/USD Huge Confluence Looms Near 1.4350

GBP/USD Huge Confluence Looms Near 1.4350

Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“Support broke easily and GBPUSD is now testing the top side of a former resistance line. This line could provide support for a bounce into former congestion at 1.5195-1.5268. In any case, a breakdown targets 1.4250-1.4350.”

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