TECHNICAL ANALYSIS GBPUSD Potential Turns Price And Time UPDATE

by admin on December 1st, 2009

As suggested the GBP has advanced against the USD, I am now looking at the 4th of December as my turn date in time. If this correction plays out as a simple ABCD as it is looking then the correction level indicated is 1.66985 which would fit with the 70.7 retrace of the complete ABCD pattern downwards.

I am only interested in the price levels as we approach the suggested turn in time.