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GBP/USD Daily Reversal; Heads Up on 1.44

GBP/USD Daily Reversal; Heads Up on 1.44

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

GBP/USD Daily Reversal; Heads Up on 1.44

Chart Prepared by Jamie Saettele, CMT

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

-After holding up for several days, GBP/USD broke below the line that extends off of the 1985 and 2009 lows. The expansion of the 2015 range is 1.3202. If the current drop is towards this level, then 1.4400 (underside of the long term line) likely provides resistance.

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

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