GBP/USD Threatening a Bullish Breakout
23 Apr 2015 16:35, GMTDaily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-“Long term support at 1.4350 remains of interest but daily and weekly divergence with momentum at price lows cast doubt on whether GBPUSD reaches that level.”
-“The sharp turn higher (and pending weekly reversal) is promising for longer term bottoming prospects, especially in light of the mentioned divergence.”
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.