Sunday 7 December 2014

GBPUSD


GBPUSD 1HR

The GBPUSD as broken out of a triangle pattern and looks set to complete a Gartley harmonic pattern formation. Expecting the GBPUSD to fall to around 1.550-1.549 before rising. 1.550 marks the 1.41 extension of the XA leg and 1.549 marks the 2.24 extension of the BC leg.