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GBP/USD Daily Doji at 31 Year Trendline

GBP/USD Daily Doji at 31 Year Trendline

Jamie Saettele, CMT, Sr. Technical Strategist


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 remains at support…

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.