British Pound Focus is on 15750
240 Minute Bars
Prepared by Jamie Saettele
Additional GBPUSD weakness is expected towards the former 4th wave extreme at 15750 (50 day average is also at 15770). The 20 day average has provided support but I am bearish as long as price is below 16137. The next potential support area is 15811 (50% retracement-I’m ignoring the 38.2% retracement because it doesn’t line up with any former pivots).
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