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GBP/USD Pulls Back from February High

GBP/USD Pulls Back from February High

2014-04-09 12:11:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_gbp-usd_body_Picture_9.png, GBP/USD Pulls Back from February High

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-GBPUSD is once again threatening 1.68. The November 2009 high comes in at 1.6878 and the 2009 high at 1.7042. Exceeding that level opens up the September 2008 low at 1.7442.

-1.6720 is now possible support and only below 1.6662 would suggest that the market has reversed course.

LEVELS: 1.6650 1.6680 1.6720 | 1.6822 1.6878 1.6986

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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