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Re: British Pound ...../James *PIC*
In Response To: British Pound ..... *PIC* ()

Well if you want another 2 cents worth here is my chart on BP on the continuous chart fwiw. Price did breakdown below its 6 month uptrendline and has been having lower highs and lower lows ever since. Price is approaching the Sept lows support area at 153 which is also the Fib 50% retrace pt which suggests a possible bounce back to the Nov lows breakdown pt at 155 or even 156-157 as BP does have a history of overshooting support and resistance pts. Lower technicals are perfect for a definite downtrend. The seasonal trend chart isn't much help as it looks like an ECG of someone having a massive heart attack.

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Re: British Pound ...../James *PIC*