Daily Bars
Prepared by Jamie Saettele
The GBPUSD's sharp reversal has resulted in a drop below Elliott
channel support (intraday). Additional support is at the 50%
retracement at 15731. A drop below 15665 is needed in order to
strongly suggest that a secondary top is in place at 16059. The look
of the head and shoulders top does remain in place and the rally from
the May low is in 3 waves, which is bearish.
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Source: Dailyfx.com
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