Tanalys

GBP/USD Range Tightens as 1.6628 Support Holds

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

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.

-A daily key reversal at the top of a multiyear range is not something to dismiss. The key reversal day close was resistance on Tuesday.

LEVELS: 1.6391 1.6536 1.6628 | 1.6713 1.6740 1.6800

–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

Exit mobile version