Intraday Elliottwave Analysis: GBPUSD, 1.3424/1.3387 is key level to watch

GBPUSD closed back below 200 day MA.

Close above 1.3553 will indicate a potential small base effort.

To the downside, 1.3424/1.3387 is key support level.

Below here, there's no major support until 1.3211.

Daily support      Levels: 1.3488 1.3458 1.3442 1.3438 1.3412 1.3395 1.3387 1.3365

Daily resistance Levels: 1.3529 1.3539 1.3544 1.3554 1.3578 1.3597 1.3649

Intraday Trade Idea:

Sell Latentinterest Order:  1.3542

Buy Latentinterest Order:  1.3365

Click on the image to enlarge

gbpusd chart

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Views are my own, not trading recommendations.