British Pound Short Term Pattern is Bullish
Prepared by Jamie Saettele, CMT
Cable has turned up in a sharp manner and may be leading the pack. Trading above 15780 would shift focus to the 100% extension at 15920, which is above former support at 15875. A surge through the short term channel would suggest acceleration towards the October high at 16165 (161.8% extension is at 16140 as well). 15560 is key to the bull side. A drop below 15560 would negate the short term bullish pattern.
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