British Pound Not Backing off of 16300
Prepared by Jamie Saettele
Resistance extends as high as 16457 (2010 high) and strength to there could complete wave C of a triangle from the 2009 low. Do not dismiss the recent COT readings, which indicate extreme bullishness among the specs. Like the EURUSD, a pop above 16300 is a short candidate early in March.
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