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British Pound Technical Outlook

Monday, 24 November 2008 14:02:09 GMT

Written by Jamie Saettele, Senior Currency Strategist

The rally from 1.4554 is probably wave 4 of C (within an A-B-C decline from 2.1160).  

There is potential resistance in the 1.5436-1.6008 zone (23.6%-38.2% of 1.8675-1.4554).    

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