News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
GBPUSD 15516 and 15720 are Key Levels

GBPUSD 15516 and 15720 are Key Levels

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD 15516 and 15720 are Key Levels

Prepared by Jamie Saettele, CMT

“The GBPUSD rally has carried price into channel resistance that extends off of the 6/20 and 7/2 highs. Resistance is reinforced by the 7/2 low at 15641 and channel that defines the rally from 15392.” Price is pressing against the channel but has yet to break higher. A more drawn out complex correction into the 100% extension of the 15267-15777 rally at 15900 is would come into focus on a move through 15720. 15516 is now support.

LEVELS: 15460 15516 15600 15720 15777 15900

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

DISCLOSURES