Jamie Pick

Published April 16th, 2009 - 06:05 GMT
Al Bawaba
Al Bawaba

My picks: GBPUSD limit buy at 1.4770, against 1.4579, target 1.55 and 1.60
Expertise: Technical
Average Time Frame of Trades:
 



Trading above 1.4990 negates the triangle pattern and therefore the near term bearish structure.  What is more likely now is that a flat is underway towards 1.60.  This is favored as long as price is above 1.4579 and short term support is at 1.4765 (Fibonacci).