GBP/USD 7 Month High as Price Tests November 2012 Low
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-GBPUSD has traded to a 7 month high. Price has traded through the line (intraweek so far) that extends off of the 2007 and 2013 (January) highs and into the November 2012 low of 1.5826.
-The next level of interest on the upside is the February high at 1.5878.
-10 day RSI has crosses through 75. Instances in recent years have warned of turns.
Trading Strategy: Waiting for either a setup at higher levels or a drop below 1.5680 to turn bearish.
LEVELS: 1.5615 1.5685 1.5755 | 1.5826 1.5878 1.5900
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