British Pound Exceeds 16100
Prepared by Jamie Saettele
The look of a head and shoulders top does remain in place – despite the new high registered by the GBPUSD. 16299 is now in focus but expectations are for at least a corrective decline as the rally from the December low is in 5 waves. What’s more, it is possible that the impulse completed an expanded flat from the November low. RSI divergence with the new high also leaves the GBPUSD vulnerable.
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