GBP/USD Now Bearish Below Post-NFP High
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.
-Exceeding 1.6845 (high after NFP) would negate bearish implications from the trendline break…as long as price is below 1.6845, look lower.
LEVELS: 1.6565 1.6667 1.6715 | 1.6783 1.6801 1.6844
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