British Pound 200 day Average of Interest at 15940
60 Minute Bars
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
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.