GBP/USD Diagonal Line is Near 1.7100

By DailyFx | June 17, 2014 AAA

DailyFX.com -

Daily

GBP/USD Diagonal Line is Near 1.7100

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-After breaking the trendline that had held since November, GBPUSD ripped higher to find fresh highs. The 2009 high (and 2005 low) rests at 1.7042. The line that extends off of the February and May highs is now of interest near 1.7100.

LEVELS: 1.6844 1.6881 1.6920 | 1.6985 1.7042 1.7100

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

comments powered by Disqus
Related Forex Analysis
  1. USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles
    Forex News

    USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles

  2. GBP/USD up on positive UK GDP - FXStreet
    Forex News

    GBP/USD up on positive UK GDP - FXStreet

  3. GBP/USD gives up GDP-inspired gains
    Forex News

    GBP/USD gives up GDP-inspired gains

  4. GBP/USD reached 1.6050 with GDP help
    Forex News

    GBP/USD reached 1.6050 with GDP help

  5. GBP/USD struggling to rise above 1.6042 - FXStreet
    Forex News

    GBP/USD struggling to rise above 1.6042 - FXStreet

Trading Center