GBP/USD 15th Nov 2008 Weekly

GBP Monthly and Weekly

GBP moving down into November, and probably down into next Week's Weekly lows.

Model of expectation:- November lows support price, and sees 4th Week up move back towards the December 50% level and then continues down to complete a double pattern low in December.

Around December lows will be the first time that I think that currencies will finally get a decent up move back towards the 4th Quarter breakout (upper blue channel)




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  • Exact levels shown for current day aren't confirmed until midnight GMT




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