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British Pound 15250 is Potential Support

By Jamie Saettele, CMT, Sr. Technical Strategist
31 August 2010 17:24 GMT

eliottWaves_gbp-usd__body_DT831gbpusd.gif, British Pound 15250 is Potential Support

The GBPUSD decline has also failed to accelerate as price has traded sideways for the last week. A former short term resistance line has served as support thus far and 15250 would be additional support. Above 15600 would turn the short term trend bullish.

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31 August 2010 17:24 GMT