BRITISH POUND – BUYING OPPORTUNITY
--19-02-09_cmyk Technically down, but oversold.
Buy the British pound/US dollar on any further weakness towards line 2.
an end. The price found support at its 2001 low (line 2), while access to offshore funds should switch out of the US dollar into the pound.
Traders sell short on a close below line 1 or near line 2.
which favours another drop to come.
Further potential will be to R12.