British Pound Technical Outlook

Published September 25th, 2008 - 06:24 GMT
Al Bawaba
Al Bawaba

Cable is in the same position as the EURUSD.  The count is the same as is its position relative to the parallel Elliott channel. 



I took a shot at calling a top last night, but was clearly wrong.  Staying above 1.8456 keeps the uptrend intact.  The next level of resistance is at 1.8781.