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GBP/USD 1.4820 May Provide Support

GBP/USD 1.4820 May Provide Support

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

-Since the 3/18 reversal, GBPUSD has traded sideways to down in a choppy manner. In fact, an intraday pattern reveals a possible bullish wedge since 3/20 and measured objective of 1.5240. Daily and weekly divergence with momentum at price lows indicate the possibility for a bullish outcome.

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