Weekly
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
–GBPUSD has traded to a 7 month high. Price has traded through the line (intraweek so far) that extends off of the 2007 and 2013 (January) highs and into the November 2012 low of 1.5826.
-The next level of interest on the upside is the February high at 1.5878.
–10 day RSI has crosses through 75. Instances in recent years have warned of turns.
Trading Strategy: Waiting for either a setup at higher levels or a drop below 1.5680 to turn bearish.
LEVELS: 1.5615 1.5685 1.5755 | 1.5826 1.5878 1.5900