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GBP/USD Mid-1.2500s is Marked as Point of Interest

GBP/USD Mid-1.2500s is Marked as Point of Interest

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The most recent GBP/USD daily update noted that “the drop from the December high is unfolding as an impulse (5 waves). The implication is that an interim low and rally attempt is due soon.” Cable has turned up and focus is on the September-December line, which intersects the early December low at 1.2549 over the next few days.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.