GBPUSD Technicals for July 14th
The GBPUSD continues to advance in a frustrating and choppy manner. Barring evidence of a reversal the next level is 15530/90 (former resistance and 200 day SMA). Parallel channel resistance does continue to hold however and 3 month volatility is at its lowest level since January (which saw the top below 16500 on 1/19).
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 at the DailyFX Forum. 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 firstname.lastname@example.org.
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