GBP/USD Breakout Targets Near 1.50
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-The most recent noted that “Cable needs to take out 1.4515 to indicate that the bottoming interpretation is correct. Until then, the waters are murky.” GBP/USD has taken out 1.4515, which supports a bullish interpretation based on the head and shoulders bottoming formation. Focus is towards 1.50 (trendline and 200 day average).
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