Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-A larger top may be unfolding but it’s too early to tell. To review, a large outside unfolded on 1/24. GBPUSD traded lower but held former resistance from the October high and has returned to test the 1/24 close.
-Minor support is seen at 1.6400 with potentially stronger support at 1.6308.
LEVELS: 1.6308 1.6348 1.6402 | 1.6495 1.6578 1.6628
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
- Utility Industry
- Basic Materials Industry