DislikedHello
GBPUSD technical analysis here:
being at crossroads there are 2 possibilities:
Upside correction:
valid as long as 1.44xx level is not broken
(Inverted Head and shoulder still valid)
see screen below
updated 3:08 Pm gmt time
http://screencast.com/t/2tzRv5dCEk
or Downside continutation move
In case of break of 1.4350 fibs target on fib extensions 161.8% targeting 1.37xx level
see screens below
2009-01-13_2215
Kr
stellaIgnored
Charts which show 'Well it could go up or it could go down', are a lot of work for nothing really
Still, if the tea leaves say 'it's uncertain' - then thats what they say - and swishing them around a few more times won't make em say anything clearer I suppose
I say the stock markets are being hammered and that will be the driver - so all we do now is figure out what the latest correlation is - positive or negative