British Pound 15900 and 15690 are Levels of Interest
Prepared by Jamie Saettele, CMT
The GBPUSD rally has stalled shy of the Fibonacci confluence in the mid 15900s (50% retracement and 100% extension of rally from the low). The level could still be reached but respect the potential for bearish action from here with the EURUSD appearing to complete 5 waves up from its low.
Trend Strength (M,W,D) – (1), 0, 1
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