GBP/USD 1.4820 May Provide Support
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Since the 3/18 reversal, GBPUSD has traded sideways to down in a choppy manner. In fact, an intraday pattern reveals a possible bullish wedge since 3/20 and measured objective of 1.5240. Daily and weekly divergence with momentum at price lows indicate the possibility for a bullish outcome.