Advertisement
Australia markets closed

  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     

  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     

  • AUD/USD

    0.6535
    +0.0012 (+0.18%)
     

  • OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD

    2,349.60
    +7.10 (+0.30%)
     

  • Bitcoin AUD

    96,491.70
    -1,889.78 (-1.92%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • AUD/EUR

    0.6108
    +0.0035 (+0.57%)
     

  • AUD/NZD

    1.0994
    +0.0037 (+0.33%)
     

  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     

  • NASDAQ

    17,718.30
    +287.79 (+1.65%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • Dow Jones

    38,239.66
    +153.86 (+0.40%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

GBP/USD Trading at Highs In Front of BoE Minutes

Jamie Saettele, CMT

Daily

GBP/USD Trading at Highs In Front of BoE Minutes
GBP/USD Trading at Highs In Front of BoE Minutes

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-If new GBPUSD highs are seen, then watch the line that extends off of the 3/31 and 4/10 highs (near 1.6985).

-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 that extends off of the November and February lows holds.

LEVELS: 1.6662 1.6727 1.6793 | 1.6829 1.6877 1.6985

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


original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.