British Pound Sinks to December Low
Prepared by Jamie Saettele, CMT
It has been a range month for the GBPUSD between primarily 15400 and 15750. The drop to a monthly low today sets sights on the October low at 15270 but respect potential for additional range action between the current level and the mentioned 15750. The current environment is not conducive to breakouts although that may change next week.
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