British Pound Technical Outlook

Published March 17th, 2009 - 06:08 GMT
Al Bawaba
Al Bawaba

A B wave low is in place for the GBPUSD.  Price is testing the top side of the channel that contains the B wave.  Expect a break higher as long as price is above 1.3887.  Coming below there would give scope to a test of last week’s low at 1.3653.   The minimum objective is above 1.50 (wave B origin).