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GBPUSD at Resistance from 15525 and Support is Now 15450

GBPUSD at Resistance from 15525 and Support is Now 15450

2012-06-06 21:56:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD at Resistance from 15525 and Support is Now 15450

Prepared by Jamie Saettele, CMT

The GBPUSD has nearly reached resistance from the 5/31 high at 15526. Expect additional volatility with the BoE taking center stage tomorrow morning. Support is now 15415/45 and the next level of interest on the upside is 15600 (March low and 5/29 low).

LEVELS: 15233 15415 15445 15525 15600 15725

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