May 9, 2009
Is The GBP/USD Headed For 1.60 / 1.70?
It's been interesting to watch the GBP/USD pair in recent days because the 1.50 level has been a key psychological level for several months now, but for the first time in a very long while the price now seems to be trading comfortably above this level.
So does this mini-breakout suggest that the GBP/USD could be about to post some solid gains in the coming weeks and months, or is the price more likely to drop back below 1.50?
Well Adam Hewison (from Marketclub) has just created a short video which reveals where he thinks this currency pair may be headed in the near future. It is based on technical analysis as well as Marketclub's unique trade triangles, and to be honest although I'm not a long-term trader myself, I do find myself agreeing with his analysis.
To watch this video simply click here.













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