GBP/USD Attempts Move Above 1.6000
Jan. 19, 2011 11:20 AM ET
James Chen's Blog
30 Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.
GBP/USD (a daily chart of which is shown) as of Wednesday (1/19/2011) has continued its consistently and dramatically bullish stance that has been in place since the beginning of the year. During the course of this bullishness, price action launched off its key 1.5350 support base and then broke out cleanly above a bullish descending wedge pattern. For more GBP/USD forex technical analysis, please click here.
James Chen, CTA, CMT
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.