British Pound Technical Outlook

Published March 23rd, 2009 - 06:43 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.