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British Pound Technical Outlook

Monday, 16 June 2008 14:09:37 GMT

Written by Jamie Saettele, Technical Currency Analyst

Minimum expectations are for this advance to continue until at least 1.9850.

The rally from 1.9409 is unfolding as an impulse, which inspires confidence in our bullish count.  Look for support near 1.9600/25.  A short term correction should unfold in the next day or two.  This will be the opportunity to get long.

STRATEGY: Get bullish near 1.96, against 1.9456, target above 1.9850

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