GBP/USD Overview ( 21/2/11)

With markets going nowhere fast on this US Holiday: Presidents’ Day  . Just a Short Technical Note – as per blog posted January 23, 2011 We are now at the crossroad and this weeks price action should be a key Driver to the next potential push in direction over the longer term ( 3 / 6 month )”

I posted Two Different Scenarios,

1 )We had A Potential Head and shoulder Formation . ( Bearish Scenario )

This has now been firmly rejected by the bulls .

2) The chart below  ( Bullish Scenario )

Just one additional New Chart to add below as of the Latest Price Development on the weekly chart – included a upper Trend line which represent yet more evidence to this above scenario playing out .


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4 responses to “GBP/USD Overview ( 21/2/11)

  1. follow you twitter,thanks my friend 🙂

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