British Pound 15535 is Resistance for Friday
60 Minute Bars
Prepared by Jamie Saettele, CMT
“Bottom line - action since the 11/25 low is best described as sideways and may compose consolidation before a thrust lower that tests the October low and a leading diagonal from the May high.” Weakness today increases confidence in the downside bias. With price testing the 1/2 low, the GBPUSD could see a bounce but resistance is expected at 15535/60.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.