British Pound Vulnerable as Rally is Corrective
300 Minute Bars
Prepared by Jamie Saettele, CMT
The short term GBPUSD pattern is a bit clearer than the EURUSD in that the rally from 15422 is composed of 2 equal waves - the hallmark of a corrective move. Moreover, the rally fits well as a 4th wave within the decline from 16165. The implications are for weakness below 15422.
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