GBP/USD Channel Confluence is Just above 2009 High at 1.7042
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“The next possible resistance is 1.6985 then the 2009 high at 1.7042.” A channel confluence is not far above 1.7042. Look into this area over the balance of the week with the understanding that the market could respond up there.
LEVELS: 1.6760 1.6800 1.6850 | 1.7017 1.7042 1.7100
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.