GBPUSD Makes a Run at March Low
Prepared by Jamie Saettele, CMT
The GBPUSD has entered a zone that was congestion in March (15601-15746). A zone that was previously congestion will likely provoke reactions again. In other words, this is a good place for the GBPUSD to find a near term low. Monday’s high (15716) serves as the pivot. The EURUSD commentary regarding news events is applicable.
LEVELS: 15500 15600 15720 15780 15850