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GBP/USD Hits a Powerball Sized (31 Year) Trendline

GBP/USD Hits a Powerball Sized (31 Year) Trendline

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

GBP/USD Hits a Powerball Sized (31 Year) Trendline

Chart Prepared by Jamie Saettele, CMT

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

-“Near term, GBP/USD continues to decline within the confines of a well-defined channel. Longer term, the cross traded below the 2015 low today but be aware of slope that crosses virtually all important lows over the last 5 years in the next couple hundred pips. Countertrend strength could materialize off of these levels.” GBP/USD hit support today…

reward/risk is outsized for bulls.

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

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