GBP/USD Retest of Breakout Level Possible on NFP
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-GBPUSD has broken above multi-month consolidation.
-Price is slipping below near term trendline support so price may be in for a test of the breakout level at 1.6259. 1.6130 is the point at which I would consider a failed breakout.
LEVELS: 1.6207 1.6259 1.6295 | 1.6408 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.