British Pound Technical Outlook

Published July 31st, 2009 - 07:00 GMT
Al Bawaba
Al Bawaba


A triangle is also complete in the GBPUSD.  On short term charts, the rally from 1.6337 can be counted as a 5 wave rally.  This suggests that the larger trend is up.  This is potential short term support at 1.6430.