GBP/USD Hits a Powerball Sized (31 Year) Trendline
Chart Prepared by Jamie Saettele, CMT
-“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.
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