GBP/USD at Old Resistance Line
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“GBPUSD is at support from the structure now.” That support broke easily and the rate is now testing the top side of a former resistance line. This line could provide support for a bounce into former congestion at 1.5195-1.5268. In any case, a breakdown targets 1.4250-1.4350.