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GBPUSD 15400 a Level of Interest Early This Week

GBPUSD 15400 a Level of Interest Early This Week

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD 15400 a Level of Interest Early This Week

Prepared by Jamie Saettele, CMT

The GBPUSD remains confined to the first 5 days’ range of June. To review, “the March low at 15600 is now resistance.” This level is now also reinforced by the 20 day average. Immediate focus is on Friday’s low at 15400. The 61.8% retracement of the rally reinforces 15400 as one of interest.

LEVELS: 15320 15403 15475 15520 15600 15650

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.