GBP/USD Forms Double Top

On the 4 hour chart the Pound has formed a very bearish pattern against the US Dollar. The pair has formed a double top pattern around the 1.6582 price level and appears to be heading lower. A double top formation is a strong indicator of a price ceiling and often…

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This entry was posted on Friday, November 6th, 2009 at 5:45 am and is filed under Forex Rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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