British Pound Channel Demands Respect-15950 Remains Favored
300 Minute Bars
Prepared by Jamie Saettele, CMT
The GBPUSD is rallying within a steep channel. Focus remains higher towards the 50% retracement of the decline from 16618 and 100% extension of the rally from the low (where the rally would consist of 2 equal legs) at 15958. Look higher.
Trend Strength (M,W,D) – (1), (1), 0
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