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British Pound Technical Outlook

Thursday, 21 August 2008 13:34:55 GMT

Written by Jamie Saettele, Senior Currency Strategist

Although a low appears to be in place (at least temporarily) for the EURUSD, the GBPUSD is vulnerable to a new low

(as long as price is below 1.8720) from a 5th wave thrust from a bearish triangle (wave 4) before a more permanent low is in place.

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