GBP/USD Former Support Serves as Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-GBPUSD broke the line that extends off of the November and February lows. The development is the clearest signal yet that an important top is in place.
-Former support near 1.6760 has responded as resistance. 1.6650/60 is support for a bounce with stronger support probably at 1.6550/65.
LEVELS: 1.6655 1.6683 1.6716 | 1.6763 1.6800 1.6815
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