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GBPUSD Smallest Non Holiday Range in over 5 Years

GBPUSD Smallest Non Holiday Range in over 5 Years

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD Smallest Non Holiday Range in over 5 Years

Prepared by Jamie Saettele, CMT

No change: “15800 and 15900 remain levels of interest but I want bring attention to another possibility. That is, wave 2 may be complete with a possible truncation. The implications would be for a sharp decline from below 15777. It makes sense to keep this count handy given bearish implications from the EURUSD pattern (3 waves up, even if part of a larger correction).”

LEVELS: 15577 15609 15650 15700 15728 15777

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

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