British Pound Technical Outlook

Published July 20th, 2009 - 06:59 GMT
Al Bawaba
Al Bawaba


A triangle may be in its latter stages in the GBPUSD.  Triangles consist of 5 waves (a-b-c-d-e) and the rally from 1.5980 would be wave d of the triangle.  Favor the downside to at least 1.6260 near term.