British Pound Technical Outlook

Published February 26th, 2009 - 08:19 GMT
Al Bawaba
Al Bawaba


The GBPUSD has held above 1.4150, barely.  The count on the daily, which shows 5 waves down from the 2007 high, indicates that risk of a sharp advance is high.  Coming under 1.4150 would likely give way to a break of 1.4090, which would expose measured support at 1.38.