GBP/USD Former Lows a Possible Reaction Level (Now)
Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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-“GBPUSD made a key reversal on 2/17. The pullback occurs after a push above the 2011 high and test of the best level since November 2009. Thursday’s high registered a few pips above the 2/17 close. The manner in which the market responded to that level is bearish.”
-The rate bounced from trendline support and is into former lows, which is possible resistance now.
LEVELS: 1.6380 1.6496 1.6550 | 1.6619 1.6665 1.6713
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Kategori: Analys från DailyFX
