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GBPUSD Fibonacci Objective at 16215

GBPUSD Fibonacci Objective at 16215

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD Fibonacci Objective at 16215

Prepared by Jamie Saettele, CMT

“The GBPUSD closed above its parallel channel today but faces resistance from early may pivots into 16100.” 16100 hasn’t done much to thwart bulls to this point and the next level of interest is a Fibonacci extension at 16215. 16033/83 is now support.

LEVELS: 15980 16033 16083 16081 16114 16165

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