By Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-GBPUSD closed at its best level in nearly 5 years today. The line that extends off of the 3/31 and 4/10 highs crosses the November 2009 high tomorrow just shy of 1.6900.
-Upside momentum is pathetic (RSI hasn’t been above 70 since October so this doesn’t even feel like a bull) but respect upside as long as the trendline holds.
LEVELS: 1.6565 1.6660 1.6729 | 1.6822 1.6877 1.6985
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
original source
