GBP/USD Mid-1.2500s is Marked as Point of Interest
Chart Prepared by Jamie Saettele, CMT
-The most recent GBP/USD daily update noted that “the drop from the December high is unfolding as an impulse (5 waves). The implication is that an interim low and rally attempt is due soon.” Cable has turned up and focus is on the September-December line, which intersects the early December low at 1.2549 over the next few days.
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