December 22, 2010

GBPUSD Daily chart analysis

  • GBPUSD Looks weak after a support line violation in daily time frame.
  • Support line also looks like a sloping neckline of a head and shoulders pattern.
  • Pair has good supports at lower 1.53 levels and 1.51.
  • Large correction can be expected only if 1.51 is taken out.

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