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GBP/USD May Trade in a Prolonged Range

GBP/USD May Trade in a Prolonged Range

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

GBP/USD May Trade in a Prolonged Range

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is no change to recent comments regarding GBP/USD. “GBP/USD continues to hold beneath the 2015 lows (1.4565 and 1.4634). In other words, former support is providing resistance. The implication is bearish although a period of sideways action is possible in order to reset the market for its next directional move.”

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.

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