GBP/USD Dip is Corrective; Look Higher
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Wednesday’s dip found support prior to near term trendline support, which still may come into play following additional consolidation. Failure to hold above 1.6325 could lead to a test of the breakout level at 1.6259.
LEVELS: 1.6207 1.6259 1.6325 | 1.6427 1.6453 1.6572
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.