GBP/USD 1.5724/74 May Influence as Resistance
Chart Prepared by Jamie Saettele, CMT
-“The break above 1.5440 and the slope line that has been precise as support and resistance since February is bullish. In fact, the line acted as support today (6/11).”
-A 6 month bottoming pattern (head and shoulders) is a possibility (target would be 1.64-1.65). Near term, 1.5724/74 could influence as resistanc.
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