British Pound / US Dollar 03-04
The GBPUSD continues to crawl higher and the next level of resistance is former support at 15151 and the 50% of the decline from 15581, at 15181. I am still looking for a turn lower in a 5th wave. Price should not come close to 15346.
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum. He is the author of Sentiment in the Forex Market. Follow his intraday market commentary and trades at DailyFX Forex Stream. Send requests to receive his reports via email to firstname.lastname@example.org.
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