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British Pound Technical Outlook

Tuesday, 24 June 2008 16:22:25 GMT

Written by Jamie Saettele, Technical Currency Analyst

As long as advances are unfolding in 5 waves, we’ll maintain a bullish bias above 1.9469.

Ideally, price remains above 1.9583 but a drop below there does not alter the count shown above.  Remember, the larger count calls for a rally through 1.9850 and likely test of 2.00 in the coming weeks.

STRATEGY: Bullish, against 1.9469, target above 1.9850

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