GBP/USD – Watch 1.2200 for Support
Chart Prepared by Jamie Saettele, CMT
-Is Cable carving a low? If so, then I can think of no better place for support than late December and early 2017 lows at 1.2200. As it is now, the rate is holding the 20 day average, which was resistance earlier this month and support in November but would think that a little more chop is needed in order to even out the +3% day.
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