« 10 Year Treasury Yield--Monday, June 8, 2009 | Main | EURUSD--Wednesday, June 10, 2009--A Quickie »

GBPUSD--Wednesday, June 10, 2009

A long term look at the upward retracement, on a weekly chart, of an downward impulsive pattern noted back in February.
090610-0827-gbpweek.gif

090610-0827-gbpweek-a.gif

The high last Wednesday was within 20 or 30 pips of the 61.8% retracement level.

090610-0827-gbp8hr.gif

TrackBack

TrackBack URL for this entry:
http://www.pureguesswork.com/mt/mt-tb.cgi/382

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)