GBP/USD Rally Stalls Near Early January Low
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“The sharp turn higher (and pending weekly reversal) is promising for longer term bottoming prospects, especially in light of the mentioned divergence. Early year lows at 1.4950 and 1.5033 could provide resistance.” Watch 1.4820 and/or 1.4675 for support now.
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