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British Pound Daily Key Reversal

British Pound Daily Key Reversal

2012-02-08 00:27:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Candles

eliottWaves_gbp-usd_body_gbpusd.png, British Pound Daily Key Reversal

Prepared by Jamie Saettele, CMT

A key reversal unfolded today in the GBPUSD. This is the first such reversal since 10/31/2011. Near term focus is on the Monday low at 15729 of which a break below is needed in order to trigger losses towards 15640 and perhaps 15520. Resistance for Thursday is 15850/70.

Bottom Line – flat

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

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