Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
–GBPUSD is showing signs of failing after breaking above multi-month consolidation (1.6259). Possible trendline support is near 1.6150 on Wednesday.
-Consider a multi-week topping process a possibility as long as price is below 1.6415.
Trading Strategy: Not much to do for me here but keep an eye on GBPNZD.
LEVELS: 1.6132 1.6197 1.6240 | 1.6330 1.6415 1.6443
— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com