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GBP/USD Short Term Downtrend Test

GBP/USD Short Term Downtrend Test

2015-10-15 20:31:00
Jamie Saettele, CMT, Sr. Technical Strategist
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GBP/USD Short Term Downtrend Test

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-Since completing a head and shoulders top in August, GBP/USD has endured 3 decent swings within a relatively well-defined range. Support from the multi-month structure does continue to hold (last support identified this latest low) so a break above the short term trendline (testing now) could result in upside acceleration.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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