British Pound Mid 15900s is Resistance if Reached
Prepared by Jamie Saettele, CMT
The GBPUSD is right back at its Monday high and a break would quickly see resistance from the 50% retracement of the decline from 16616 at 15944 (this level is reinforced by former support at 15913). Weakness below 15770 would suggest that a larger correction is underway from 15849.
Trend Strength (M,W,D) – (1), 0, 1
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