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GBPUSD Powers through Upward Sloping Channel

GBPUSD Powers through Upward Sloping Channel

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD Powers through Upward Sloping Channel

Prepared by Jamie Saettele, CMT

The GBPUSD closed above its parallel channel today but faces resistance from early may pivots into 16100. Like the EURUSD, respect potential for a drop into support (15912/60). A bullish bias is warranted against the September low (15825).

LEVELS: 15960 15980 16034 16081 16114 16165

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