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Euro Forecast: EUR/USD Price Outlook Bearish Ahead of Key Eurozone Data
2021-07-25 02:00:00
EURUSD Still Owed a Breakout Post-ECB, S&P 500’s Hopes with PMIs a Long-Shot
2021-07-23 02:00:00
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Crude Oil Price Forecast: Rally Back on Track After Bear Trap
2021-07-23 20:50:00
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2021-07-22 09:00:00
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Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
2021-07-25 12:00:00
Delta Variant Concerns Won't Cripple Markets, US Economy - Market Minutes
2021-07-22 16:00:00
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Gold Price Forecast: Risk of Volatility as Fed Meeting Looms
2021-07-24 22:00:00
Gold Price Forecast – XAU/USD Could Get Put to the Test This Week
2021-07-23 20:00:00
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British Pound (GBP) Weekly Forecast: Attempts to Recover as Sentiment Shifts
2021-07-23 16:00:00
GBP/USD Bounce Fizzles Out Despite Higher Retail Sales in June
2021-07-23 08:00:00
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USD/JPY Rate Tracks Rebound in US Yields Ahead of Fed Rate Decision
2021-07-23 15:00:00
US Dollar Outlook: USD/JPY Mired by Yields, Flash PMIs Due
2021-07-22 22:30:00
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GBPUSD July Low at Risk Before Recovery

GBPUSD July Low at Risk Before Recovery

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD July Low at Risk Before Recovery

Prepared by Jamie Saettele, CMT

15800 and 15900 remain levels of interest but probably not for another few weeks. GBPUSD action from 15777 may take the form of a flat (B wave). If the interpretation is correct, then the GBPUSD will trade below 15392 (but not by much) before reversing sharply and trading higher in wave C towards 15800-15900. Watch the GBPUSD action to help in timing the EURUSD as well.

LEVELS: 15392 15447 15518 15560 15580 15620

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

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GBP/USD
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