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British Pound Technical Outlook

Thursday, 25 September 2008 14:24:14 GMT

Written by Jamie Saettele, Senior Currency Strategist

Cable is in the same position as the EURUSD.  The count is the same as is its position relative to the parallel Elliott channel. 

I took a shot at calling a top last night, but was clearly wrong.  Staying above 1.8456 keeps the uptrend intact.  The next level of resistance is at 1.8781.

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