Forex Technical Analysis: GBPUSD Poised for at least 15900 Test
Chart Prepared by Jamie Saettele, CMT
Forex Observations: The GBPUSD has broken to its lowest level since 9/6, tested the 8/23 high (circled) and is nearing channel support. Levels below the channel include the 100% extension at 15845, the September low at 15825, former pivots around 15750 (circled) and a Fibonacci confluence at 15643.
Forex Trading Strategy Implications: Market risk is lower against Monday’s high.
LEVELS: 15825 15845 15897 15965 16023 16052