Longer term (12 months view) GBPUSD is headed up. If AB=CD measured move from May 2010 hold then it could be we could achieve 1.78. In the intermediate term the strong up trend will gain momentum to the upside with relatively minor pull back (only normal retracements in generally (up trending market). There are many computer generated harmonic traders and they should take note, lest be caught on the wrong side. For additional perspective, check out my VIX Index, & Dollar Index Charts. Happy trading
Comments
Abe_C
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This makes no sense
DanV
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Well the chart was published 3 months or so ago. It outlined bullish longer term action from GBPUSD and didn't rise as steeply as shown on the chart but 1.62 -1.63 was met without significance trend change in the interim. So I am well pleased. Not sure why you are not. But will post new chart later. Thanks for you view anyway.
DanV
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This chart proved very profitable and made to the target identified though took little longer than initially shown on the chart nevertheless good uptrend I am sure you will agree.