Chinese EspaƱol Sun, 12 Oct 2008
head-search-back
News Calendar Charts Currency Rooms Forum Forex Trading Signals

advertisement

British Pound Technical Outlook

Tuesday, 01 July 2008 16:22:14 GMT

Written by Jamie Saettele, Technical Currency Analyst

A C wave (of either a triangle or flat) is underway.

If a triangle, wave C likely continues until 2.02 (March 27 top).  If a flat, wave C will continue through 2.04.  The pair has tested 2.00 today so expect a sizeable reaction (lower).  1.9800 should provide support.

STRATEGY: Bullish, against 1.9583, target 1 at 2.0175, target 2 TBD

< Prev    Next > [ Back ]