British Pound Technical Outlook

Published August 10th, 2009 - 06:50 GMT
Al Bawaba
Al Bawaba


The GBPUSD break above 1.6750 was from a triangle and thrusts from triangles are terminal (meaning that they complete larger degree moves). Specifically, the rally completes wave v of C of 5 (the entire rally from 1.3500).