GBP/USD-How Many Times Can the Rally Fail Before it FAILS?
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-If new GBPUSD highs are seen, then watch the line that extends off of the 3/31 and 4/10 highs (near 1.6985).
-Upside momentum is pathetic (RSI hasn’t been above 70 since October so this doesn’t even feel like a bull) but respect upside as long as the trendline that extends off of the November and February lows holds.
LEVELS: 1.6662 1.6727 1.6748 | 1.6793 1.6829 1.6877
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