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GBP/USD Tests 2/11 Close Ahead of Inflation Report

Jamie Saettele, CMT


eliottWaves_gbp-usd_body_Picture_9.png, GBP/USD Tests 2/11 Close Ahead of Inflation Report

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-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.

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