GBP/USD Does Not Follow Through On Outside Day Reversal
Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-The January 2nd outside day reversal (first trading day of the year) is negated and GBPUSD carved out another one on Friday. What we are left with is a series of traps since 1/17 (bull and bear). 1.6400 remains an objective dividing line for direction.
-The bigger picture breakout objective is 1.6897.
LEVELS: 1.6399 1.6457 1.6500 | 1.6628 1.6667 1.6746
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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