Sunday, December 13, 2009

Intersession update

The GBP achieved my minimum short target of 1.6195 making a low of 1.6189. It looks like that is as far as it is going to go short for now. Once it breaks 1.6308 that will confirm the long retracement that I predicted in my last post. I expect the long retrace to take at least a week and peak out  close to 1.6500. Stay tuned.

1 comment: