GBP/USD Weekly Reversal; Testing Resistance on the Daily
Chart Prepared by Jamie Saettele, CMT
-GBP/USD has turned up sharply. The rally is within the confines of a downtrend but Cable could trade to 1.50 and still be in a downtrend. The emotion surrounding the Brexit headlines is consistent with a fairly important low but the rate could experience pullbacks in the 1.4250-1.4550 range.