GBP/USD Small Range Key Reversal; Short Term Low In?
Chart Prepared by Jamie Saettele, CMT
-Cable recently traded to its lowest level since March 2009. The January 2009 low is the next horizontal level of interest at 1.3501. Range expansion levels from the breakdown are 1.3718 (61.8%) and 1.3494 (100%). If the path of least resistance is lower, then resistance should reside near 1.4250.