Here is the monthly update for GBPUSD, the pullback from 1.6300 was about 474 pips (always expect a reation around Masterchart levels) The weekly candles are on bullish run on bullish run from 1.5800, 1.6000 resistance is broken, if 1.6200 gives way, then a retest if 1.6300 will give us double top (M) on the weekly chart. My advise is quite simple, follow one weekly candle at a time.
Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1354704889 http://www.forexfactory.com/attachme...1&d=1354704889
Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1354704889 http://www.forexfactory.com/attachme...1&d=1354704889
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Here is the monthly update for the cable. 1.6000 is still a barrier to bear from 1.6300 and the price is basically trapped between 1.6000 and 1.6200 as at the beginning of the month. This could be extended to 1.6300 to the upside and the lowest point of the weekly pin to the downside.
Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1351964062 http://www.forexfactory.com/attachme...1&d=1351964062...Ignored