British Pound / US Dollar 03-18
The GBPUSD is approaching resistance from the 38.2% retracement of the decline from 16464; at 15425. This level is reinforced by parallel channel resistance. Additional resistance would be at 15530 (former support). Look for a top in the 15425-15530 zone in order to position for a drop below 14780 in a 5th wave.
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