GBP/USD Responds to Trendline
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“The next possible resistance is 1.6985 then the 2009 high at 1.7042. Cable remains capped by 1.6985 and an unorthodox channel. The trend is higher against 1.6820 although complacency in the market leaves me respecting potential for a downside surprise.”
LEVELS: 1.6657 1.6683 1.6730 | 1.6820 1.6842 1.6870
--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.