(MENAFN- DailyFX)
Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-GBPUSD closed at its best level in nearly 5 years today. The line that extends off of the 3/31 and 4/10 highs crosses the November 2009 high tomorrow just shy of 1.6900.
-Upside momentum is pathetic (RSI hasn’t been above 70 since October so this doesn’t even feel like a bull) but respect upside as long as the trendline holds.
LEVELS: 1.6565 1.6660 1.6729 | 1.6822 1.6877 1.6985
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
original source
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.