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GBPUSD

Real-time Estimate TTMZero 03:31:01 2024-04-16 am EDT			5-day change	1st Jan Change
1.244 ^USD	-0.05%		-1.75%	-2.31%

09:04am	U.K. Labor Market Cools Again, Making Rate Cuts More Likely -- Update	DJ
08:34am	Dimming Early US Rate Cut Prospects Drag Australian Shares to Near Two-Month Low	MT

GBP/USD 1.5724/74 May Influence as Resistance

June 16, 2015 at 02:30 pm EDT

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GBP/USD 1.5724/74 May Influence as Resistance

Chart Prepared by Jamie Saettele, CMT

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

-“The break above 1.5440 and the slope line that has been precise as support and resistance since February is bullish. In fact, the line acted as support today (6/11).”

-A 6 month bottoming pattern (head and shoulders) is a possibility (target would be 1.64-1.65). Near term, 1.5724/74 could influence as resistanc.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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