Whats really going on with GBUSD and whats the trend

FX:GBPUSD   British Pound / U.S. Dollar
56 0 9
A 6 year long range trade that should breakout shortly (relative to this time frame that is)

The GBP took a real nose dive from October 2007 to January 2009 when price reached a target and a bottom. It has been fighting its way up to median fair value since and came very close in July last year. A breakout from this range should mean that price will make another attempt to reach its goal and median fair value. However, there is an new unfinnished target below as well. So the range may just widen years ahead.

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