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Long GBP/USD

Long GBP/USD

Jamie Saettele, CMT, Sr. Technical Strategist

GBP/USD reversed last week. More importantly, GBP/USD reversed last week at long term parallel support. COT considerations are also bullish. Sure, the cross could see some shenanigans near term as a corrective process unfolds from Thursday's high. For a more precise view, visit SB Trade Desk.

Prepared by Jamie Saettele, CMT

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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