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GBP/USD Diagonal Line Still in Focus above 1.7100

GBP/USD Diagonal Line Still in Focus above 1.7100

2014-06-26 19:21:00
Jamie Saettele, CMT, Sr. Technical Strategist
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GBP/USD Diagonal Line Still in Focus above 1.7100

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-After breaking the trendline that had held since November, GBPUSD ripped higher to find fresh highs. The 2009 high (and 2005 low) has been tested at 1.7042. The line that extends off of the February and May highs is now of interest just above 1.7100.

LEVELS: 1.6844 1.6920 1.6953 | 1.7040 1.7100 1.7200

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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