British Pound Technical Outlook

Published February 26th, 2008 - 05:29 GMT
Al Bawaba
Al Bawaba



We maintain that the rally from 1.9361 is wave C within the A-B-C advance from 1.9337.  Price is expected to exceed 1.9957 (wave A high) in the next few weeks before a larger wave 2 (or B) top is put in place.  Near term, wave ii of C may be complete at 1.9615.

STRATEGY: Bullish, against 1.9641, target above 1.9957    

.