British Pound Fibonacci Level at 16100
Prepared by Jamie Saettele, CMT
“Strength in the coming days would encounter strong resistance from the August low, 61.8% retracement of the decline from 16616, and 200 day average at 16100/30. There is also channel resistance and a 100% extension near 16200.” Continue to look higher into the mentioned levels.
Trend Strength (M,W,D) – (1), 0, 1
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.