GBP/USD Responding to 1.6900 as Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-GBPUSD reversed on Thursday at the line that extends off of the November and February lows. A break of this line is needed in order to more confidently signal that a top is in place.
-The reaction at 1.6902 bodes well for the downside near term. Support is estimated at 1.6789.
LEVELS: 1.6730 1.6789 1.6913 | 1.6901 1.6974 1.7042
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