News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
British Pound 15535 is Resistance for Friday

British Pound 15535 is Resistance for Friday

Jamie Saettele, CMT, Sr. Technical Strategist

60 Minute Bars

eliottWaves_gbp-usd_body_gbpusd.png, British Pound 15535 is Resistance for Friday

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.

Other TA Articles

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.