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British Pound / Dollar May Test 1.35 This Week

Discussion in 'Technical Analysis' started by ActionForex.com, Mar 2, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The count on the daily, which shows 5 waves down from the 2007 high, indicates that risk of a sharp advance is high. Still, the drop below 1.41 exposes measured support at 1.38. Given that the advance to 1.4990 is in just 3 waves, the GBPUSD could test 1.35 prior...

    complete article here...

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