- Overnight Interest Rate Update 03.18.10 Thu, 18 Mar 2010 10:37 GMT
gbp-usd
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- Mar, 18 British Pound / US Dollar 03-18
- Mar, 17 British Pound / US Dollar 03-17
- Mar, 16 British Pound / US Dollar 03-16
- Mar, 15 British Pound / US Dollar 03-15
- Mar, 11 British Pound / US Dollar 03-11
- Mar, 10 British Pound / US Dollar 03-10
- Mar, 09 British Pound / US Dollar 03-09
- Mar, 08 British Pound Testing Potentially Strong Resistance 03-08
- Mar, 05 British Pound / US Dollar 03-05
- Mar, 04 British Pound / US Dollar 03-04
- Mar, 03 British Pound / US Dollar 03-03
- Mar, 02 British Pound / US Dollar 03-02
- Mar, 01 British Pound Plunges; Reaches Fibonacci Confluence
- Feb, 24 British Pound / US Dollar 02-24
- Feb, 23 British Pound / US Dollar 02-23
- Feb, 22 British Pound / US Dollar 02-22
- Feb, 19 British Pound / US Dollar 02-19
- Feb, 18 British Pound / US Dollar 02-18
- Feb, 17 British Pound / US Dollar 02-17
- Feb, 16 British Pound / US Dollar 02-16
Former supports are now resistance at 1.6484 and 1.6530. Strategy is to short on rallies to these levels. The decline from 1.7050 could be a series of 1st and 2nd waves, part of a leading diagonal, or a 3 wave correction. Price action since 1.6750 could also be in the mold of a triangle. There are many possible counts right now but most point lower with 1.6700 intact.
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates. He is the author of Sentiment in the Forex Market. Follow his intraday market commentary and trades at DailyFX Forex Stream. Send requests to receive his reports via email to jsaettele@dailyfx.com.
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