British Pound Technical Outlook

Published June 16th, 2009 - 06:08 GMT
Al Bawaba
Al Bawaba


Since 1.5800, the GBPUSD has rallied in 5 waves to 1.6626 and declined in 3 waves to 1.6212.  The rally from 1.6212 is a small degree impulse (5 waves) and there is support down to 1.6330.