British Pound Extension into 16200 is Favored
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 16208 (and the channel) as long as the steep support line holds.
Trend Strength (M,W,D) – (1), 0, 1
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