GBPUSD Outside Day at 200 Day Average
Prepared by Jamie Saettele, CMT
The GBPUSD rally from the 3/12 low (15602) has stalled at the 200 day average / 2/8 high / underside of former trendline. The month to date high occurred on the first day of the month, which is bearish. A drop below today’s low (outside day) would shift focus to 15750.
Bottom Line (next 5 days) – sideways/lower?
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