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GBP/USD Rebounds; Watch 1.4565

GBP/USD Rebounds; Watch 1.4565

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

GBP/USD Rebounds; Watch 1.4565

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.” 1.44 was good resistance last week. The rate has traded around the level for the last several days and may be geared up for a run on the 2015 low at 1.4565.

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

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