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Tuesday, December 15, 2009

GBP/USD - Shoulder-Head-Shoulder top finished



A very nice Shoulder/Head/Shoulder top has been building over the last couple of weeks/months. It should be ready to accelerate below 161.65 shortly for a move closer to the 157 area.

Tading a break below 161.65 with a stop just above 163.20 for a move to 157 would make up a nice risk/reward trade.

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