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British Pound 200 day Average of Interest at 15940

British Pound 200 day Average of Interest at 15940

2012-02-07 23:36:00
Jamie Saettele, CMT, Sr. Technical Strategist
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60 Minute Bars

eliottWaves_gbp-usd_body_gbpusd.png, British Pound 200 day Average of Interest at 15940

Prepared by Jamie Saettele, CMT

GBPUSD focus is on “the 200 day average at 15940 and 50% retracement of the decline from the 2011 high at 15989. A short term Fibonacci extension also comes in at 15965 (161.8% extension of the 2/6 rally). 15860 should serve as near term support and the upside is favored against 15785.

Bottom Line – flat

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