GBP/USD 1.6800/20 is Support

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GBP/USD 1.6800/20 is Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-GBPUSD has traded into the November 2009 high. The next possible resistance is 1.6985 then the 2009 high at 1.7042. Is GBP leading or lagging (USD is not at lows against other major currencies).

-RSI (daily) finished at 70 today for the first time since October. The most recent breakout level is now support at 1.6800/20.

LEVELS: 1.6800 1.6841 1.6871 | 1.6907 1.6986 1.7042

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


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