British Pound Technical Outlook

Published May 7th, 2009 - 06:40 GMT
Al Bawaba
Al Bawaba

Cable continues to advance as well.  Staying above 1.4776 keeps bulls in control and Cable on a path towards 1.5378 and perhaps 1.5728 (200 day SMA near there as well).  Short term support is at 1.4950.