British Pound Breaking Below Short Term Channels
240 Minute Bars
Prepared by Jamie Saettele
The GBPUSD has bounced after reaching former resistance at 16059 but price has broken below short term channels so additional weakness is expected towards the former 4th wave extreme at 15750 (50 day average is also at 15730). The 20 day average at 15950 could provide support in the interim.
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