21 September 2009

GBP/USD : Potential SHS Top

  • Last 1.6184
  • Long awaited weekly SHS top coming into focus
  • NL at appx 1.6150
  • Add to shorts on confirmed break below
  • SHS parameters are Head 1.7042 vs corresponding NL 1.6046 = vertical objective 0.0996. Assuming breakpoint at 1.6150, technical target = 1.5154

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