British Pound

It's been a few days since my last post so let's take another look at the British Pound June futures.  We saw 3 days of selling followed by a bounce back up today.  The current short term uptrend is still in place and today's close got us back above the 10 and 20 DMA.  If we take out the recent 3-25 swing high of 1.5260, then we will have back to back ABCD patterns with higher highs and higher lows.  The next target area will be 1.5400.