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GBP/USD is close to it's targeted price as from (2008) market crash

                        

The GBP/USD created a new high at  November 1st 2007 (2.1161) which letter result to the break of the previouse low at September 1st 2005 (1.6829) as a  result of 2008 market crash.

 Looking at technically, the result of the discribed economic melt down news brought the pound to form a breash ROUNDED TOP which letter leed to a bearish breakout of September low at 2005 (1.6829). The pound fell for the rest of the year created a new low at January 1st 2009 (1.3502) which leed to a large range bound for over six (6) years and mark a large  RAISING WEDGE. Bearish breakout occure at January 2015 (1.5236) that took the pound more futher down within two years approaching toward targeted price at 1.1554 in few months or years to come.


About Chiejine Victor

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chiejine victor
Ojo, Lagos, Nigeria
Chiejine Victor founder of Financial Career Fx is a young full time forex trader (TREND ANALYST) He studies the market in daily basis. He set to define that Technical analysis is more important, an art form and less on science. The fundamental of victor’s approach to Technical analysis illustrate the existence of an inefficient market model (PRIMARY TREND)!!!!!!!!!!

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