British Pound Daily Key Reversal
Prepared by Jamie Saettele, CMT
A key reversal unfolded today in the GBPUSD. This is the first such reversal since 10/31/2011. Near term focus is on the Monday low at 15729 of which a break below is needed in order to trigger losses towards 15640 and perhaps 15520. Resistance for Thursday is 15850/70.
Bottom Line – flat
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.