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British Pound Target at 15200

By Jamie Saettele, CMT, Sr. Technical Strategist
24 August 2010 16:04 GMT

Daily Bars

eliottWaves_gbp-usd_body_DT824gbp.gif, British Pound Target at 15200

The GBPUSD is in the same situation as the EURUSD in that the decline from near 15700 is either a c or 3rd wave. Focus is on 15200, which is the 100% extension of the decline from 16000.

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24 August 2010 16:04 GMT