GBP/USD Downtrend on Daily but at Support on the Weekly
Chart Prepared by Jamie Saettele, CMT
-GBP/USD is trading in a bearish channel on the daily but also just found big support on the weekly. Combine the long term level on the weekly with COT considerations, and GBP/USD may be ready to rocket higher. Risk is small on the downside (read more about Traits of Successful Traders here).