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GBP/USD Critical Support Near 1.5225

GBP/USD Critical Support Near 1.5225

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

GBP/USD Critical Support Near 1.5225

Chart Prepared by Jamie Saettele, CMT

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

-The 10/22 outside day in GBP/USD may set the stage for resumption of the downtrend that began with the head and shoulders break in August.

-A break under 1.5200 (parallel support) would suggest that the next leg lower (towards the April low) is underway. Until then, Cable remains supported.

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

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