GBPUSD 15400 Area of Interest
240 Minute Bars
Prepared by Jamie Saettele, CMT
The GBPUSD 3 wave advance from 15267 does suggest that a top is in place. The reversal at 15650 (former support and underside of channel) suggests a vulnerable state and additional weakness towards the 100% extension of the 15777-15538 decline at 15400 (6/8 low is there as well). 15590 is resistance below 15650. A pop above 15650 would encounter resistance from the 61.8% retracement at 15685.
LEVELS: 15440 15470 15537 15590 15650 15685
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