Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The January 2nd outside day reversal (first trading day of the year) is negated and GBPUSD carved out another one on Friday. What we are left with is a series of traps since 1/17 (bull and bear). 1.6400 remains an objective dividing line for direction.
-The bigger picture breakout objective is 1.6897.
LEVELS: 1.6399 1.6457 1.6500 | 1.6628 1.6667 1.6746
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
- Finance Trading
- Basic Materials Industry