Daily

Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-The near term GBP/USD rally has failed but the rate is trading off of a long term support (see here). A push through the recent high of 1.4515 is needed in order to open up a run towards longer term downtrend resistance (and the 200 day average) close to 1.50. Until then, GBP/USD is in ‘trading purgatory.
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk