Chart Prepared by
Jamie Saettele, CMT using Marketscope
2.0
Automate trades
with Mirror Trader and see ideas on
other USD crosses
GBPUSD has pulled back from the high and the
decline from Thursday’s high is impulsive (5 waves). It is possible that an
important top has formed (don’t forget about COT being extreme). Weakness below
1.6565 would make a strong case for a sharp decline.
-1.6783 is now
possible resistance.
LEVELS: 1.6565 1.6620 1.6660 | 1.6753 1.6783 1.6822
Trading specifics
(setups with entries, stops, targets) are available to J.S. Trade Desk members.
-Dailyfx
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