GBPUSD Resitance at 15780
Prepared by Jamie Saettele, CMT
The GBPUSD is in the same position as the EURUSD. I am looking lower over the next several days but probably not before corrective action into 15780-15800. A bearish bias is warranted against the March 1 high of 15975 but price ideally stays below Tuesday’s high of 15881. Look to sell a spike on BoE tomorrow morning.
Bottom Line (next 5 days) – lower
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