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British Pound Technical Outlook

Wednesday, 05 August 2009 14:26:52 GMT | Jamie Saettele, Senior Currency Strategist

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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
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Friday, 07 August 2009 14:27:38 GMT British Pound Technical Outlook
Thursday, 06 August 2009 14:13:43 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
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Tuesday, 21 July 2009 14:19:53 GMT British Pound Technical Outlook
Monday, 20 July 2009 14:59:44 GMT British Pound Technical Outlook

Cable’s consolidation since the beginning of June is not as clear as the EURUSD triangle. In fact, the pattern could have been an irregular flat in which wave b exceeds the origin of wave a and wave c fails to extend beyond the origin of wave b. In any case, the GBPUSD should make its way higher as the EURUSD extends above 1.4720. The next measured objective is 1.7250. 1.6680-1.6780 is support.

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