British Pound Up for 6th Consecutive Day
240 Minute Bars
Prepared by Jamie Saettele, CMT
The GBPUSD rally has stalled at levels seen in early January. Like the EURUSD, the structure of the rally from the 1/13 low is constructive (5 waves). The implications are for near term weakness before additional gains. For now, 15450-15500 is estimated support.
Bottom Line – flat
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