mjorden
Short

GBPUSD H&S Pattern

FX:GBPUSD   British Pound / U.S. Dollar
155 views
1
With the US debt ceiling and budget debates, room to run north to carve out right shoulder of a 'head and shoulders' pattern.

If USD rally's after the debate is solved without default, should see a test of 1.59-1.57 .. closing previous weekend gaps and finishing H&S pattern. 1.59-57 should happen in Nov-Dec.

Comments

Would be a nice touch to see it play out like that - love it when fundamentals line up with technicals.
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