Go Back   BabyPips.com Forex Forum > The Currency Spot > "The Majors" > GBPUSD


GBPUSD Discuss price action in the British Pound versus the US Dollar.

 
 
LinkBack Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 01-12-2009, 06:03 AM
Newbie
 

Join Date: May 2008
Posts: 11
Default Major move down for GBP/USD?

Well I noticed a head & shoulders on GBP/USD Daily charts. Now I realize H&S usually indicates a reversal and this wouldn't be a reversal but it could have a possible application here.

Anyway here's the H&S, you can bring it up in your 1-Day charts as well:


Also the seasonal GBP/USD chart shows that a major move downward would coincide with with a seasonal drop:


Anyhow I'm kind of new to FX trading so I would appreciate comments and feedback but its also something I'm going to be keeping my eyes on for the next several weeks
Reply With Quote
 



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT -4. The time now is 07:07 PM.
Content Relevant URLs by vBSEO 3.3.1
"Blessed are they who can laugh at themselves for they shall never cease to be amused."
Origin Unknown
Feedback Form