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FOREX Analysis: GBP/USD Maintains Quiet Range above Trendline

Jamie Saettele, CMT


Daily Bars

FOREX_Analysis_GBPUSD_Maintains_Quiet_Range_above_Trendline__body_gbpusd.png, FOREX Analysis: GBP/USD Maintains Quiet Range above Trendline

Chart Prepared by Jamie Saettele, CMT


FOREXAnalysis: The GBPUSD continues to hold trendline support but price action is lackluster for bulls when one considers what the EURUSD is doing. That said, respect the upside as long as price is above 15991. Weakness below that level would open up 15822.


FOREX Trading Strategy: Flat


LEVELS: 15961 15992 16022 16130 16180 16252


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