60 Minute Bars
Prepared by Jamie Saettele, CMT
GBPUSD focus is on “the 200 day average at 15940 and 50% retracement of the decline from the 2011 high at 15989. A short term Fibonacci extension also comes in at 15965 (161.8% extension of the 2/6 rally). 15860 should serve as near term support and the upside is favored against 15785.
Bottom Line – flat
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