British Pound Exceeds Early Month High and Trendline
Prepared by Jamie Saettele, CMT
The GBPUSD extended its rally to 8 consecutive day, exceeded the early January high (15670) and broke through trendline resistance. Perhaps the pop above 15670 will trigger a reaction lower into 15600/30 support. Congestion is heavy from here up to 15775.
Bottom Line – flat
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