British Pound Holds Range Low
60 Minute Bars
Prepared by Jamie Saettele, CMT
I wrote this morning that “the GBPUSD has plummeted on that back of dovish BoE minutes. Still, a C wave decline from 15928 is a valid interpretation.” That interpretation is reinforced with the turn higher. 15730 and 15695 are supports. Eventual objectives are above 16000. 15760 and 15810 are interim resistance levels.
Bottom Line – Higher
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