British Pound Technical Outlook

Published March 24th, 2009 - 06:21 GMT
Al Bawaba
Al Bawaba

The break through the top of the channel that contained wave B signals that wave C (flat) is most likely underway to above 1.50.  Near term, there may be 5 waves up from 1.3653.  This leaves open the possibility of a correction back to the 1.4150-1.4268 zone.