British Pound Support Expected at 15600
Prepared by Jamie Saettele, CMT
The sharp decline in the GBPUSD may extend a bit further towards 15600, which is where the decline from 15928 would consist of 2 equal waves (15596 to be exact). Support is reinforced by the 50% retracement of the rally from 15233 at 15581 and channel support (at 15600 Thursday).
Bottom Line – Bottoming
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