British Pound Technical Outlook

Published August 21st, 2008 - 05:34 GMT
Al Bawaba
Al Bawaba

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.