GBPUSD 240 HEAD & SHOULDERS BREAK

19 thg 11, 2015

Based on the daily chart, the pound is strugglingly to pass Fib 0.5% as it continues to move sideways but a break above this level could see a move higher which based on this 240 chart could be a strong possibility as the downward trendline and neck line has been truly broken.
Roughly measuring the height of the head to the neck this could mean around the 1.55 area.