News Column

GBP/USD Trendline Confluence Near 1.6840 on Friday

June 5, 2014

Jamie Saettele, CMT

Daily

GBP/USD Trendline Confluence Near 1.6840 on Friday



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



-GBPUSD broke the line that extends off of the November and February lows. The development is the clearest signal yet that an important top is in place.



-Exceeding 1.6880 would negate bearish implications from the trendline break.



LEVELS: 1.6716 1.6765 1.6781 | 1.6815 1.6840 1.6881

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




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Source: DailyFx


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