British Pound 16300 at Risk
Prepared by Jamie Saettele
The GBPUSD opened at its low and closed near its high last week. Resistance is at 16457. Keep the long term pattern in mind, which I believe is a triangle from the January 2009 low. The pattern should result in weakness towards 14780 (wave D) in the months ahead. The lower triangle line intersects with 14780 in April.
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