British Pound Technical Outlook


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.

[B]STRATEGY[/B]: Bullish, against 1.9641, target above 1.9957

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