Filed Under:
Forex pairs in this Article » GBP/USD

eliottWaves_gbp-usd_body_gbpusd.png, GBP/USD Resistance Estimated at 1.5180Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: The GBPUSD has produced an RSI reversal setup. Price action since the 7/5 low may have completed a flat correction. The decline from last week’s high is impulsive and price remains below the early month high of 1.5303.

FOREX Trading Strategy: Wrote last week that “an inside day or key reversal on Friday would probably offer an opportunity to short next week.” We got the inside day. Resistance to sell into is 1.5180/95. Stops should be above 1.5220.

LEVELS: 1.4893 1.4910 1.5037 1.5130 1.5182 1.5220

original source
comments powered by Disqus