GBPUSD Working Towards 15400
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).” Continue to look lower towards 15400. Near term resistance is 15525/75.
LEVELS: 15400 15440 15470 15525 15575 15623
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