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GBPUSD is Constructive above 15490

GBPUSD is Constructive above 15490

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD is Constructive above 15490

Prepared by Jamie Saettele, CMT

15800 and 15900 remain levels of interest. Irrespective of pattern from 15777 (triangle or part of a complex correction), a break above 15777 will probably complex a 3 wave pattern from 15267. To review, 15800 is the 100% extension of the rally from 15392 and 15900 is the 100% extension of the rally from 15267 and the 61.8% retracement of the decline from 16300.

LEVELS: 15458 15490 15584 15665 15730 15777

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