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GBP/USD 1.5240 Remains Key to Next Short Term Move

GBP/USD 1.5240 Remains Key to Next Short Term Move

2015-11-17 20:53:00
Jamie Saettele, CMT, Sr. Technical Strategist
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GBP/USD 1.5240 Remains Key to Next Short Term Move

Chart Prepared by Jamie Saettele, CMT

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

-The most recent update noted that “a break under 1.5200 (parallel support) would suggest that the next leg lower (towards the April low) is underway.” The rebound is viewed within the context of the breakdown. If GBP/USD is headed lower, then it probably heads lower now (underside of recent support line).

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

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