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gbp technicals
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British Pound Technical Outlook
Thursday, 11 December 2008 16:32:49 GMT
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Previous Articles
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- Thursday, 27 August 2009 01:35:37 GMT British Pound Drops Below Initial Support Against US Dollar, Sell Entry Ahead
- Tuesday, 25 August 2009 15:14:47 GMT British Pound Technical Outlook
- Monday, 24 August 2009 14:17:36 GMT British Pound Technical Outlook
- Friday, 14 August 2009 14:59:38 GMT British Pound Technical Outlook
- Thursday, 13 August 2009 14:35:07 GMT British Pound Technical Outlook
- Wednesday, 12 August 2009 14:37:58 GMT British Pound Technical Outlook
- Tuesday, 11 August 2009 14:07:38 GMT British Pound Technical Outlook
- Monday, 10 August 2009 14:50:57 GMT British Pound Technical Outlook
- Friday, 07 August 2009 14:27:38 GMT British Pound Technical Outlook
- Thursday, 06 August 2009 14:13:43 GMT British Pound Technical Outlook
- Wednesday, 05 August 2009 14:26:52 GMT British Pound Technical Outlook
- Friday, 31 July 2009 15:00:57 GMT British Pound Technical Outlook
- Thursday, 30 July 2009 14:13:24 GMT British Pound Technical Outlook
- Wednesday, 29 July 2009 15:06:46 GMT British Pound Technical Outlook
- Tuesday, 28 July 2009 14:24:57 GMT British Pound Technical Outlook
- Monday, 27 July 2009 14:30:13 GMT British Pound Technical Outlook
- Friday, 24 July 2009 15:42:58 GMT British Pound Technical Outlook
- Thursday, 23 July 2009 13:50:18 GMT British Pound Technical Outlook
- Wednesday, 22 July 2009 14:20:05 GMT British Pound Technical Outlook
- Tuesday, 21 July 2009 14:19:53 GMT British Pound Technical Outlook
Although the EURUSD has rallied more than the GBPUSD today, there is a much better opportunity in Cable going forward (reward/risk is extremely favorable). A multi-month rally in the GBPUSD is likely underway, possibly as high as the mid 1.60s.
The 38.2% of 2.0162-1.4465 at 1.6641 intersects potential channel resistance in early March. This is also the 4th wave of two less degrees. Near term, price should remain above 1.4674 and the rally is expected to accelerate in the days ahead.
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