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UPDATE Technical Fundamental 27th January 2012 Medium-term: Cable remains delicately poised Disclaimer in association

UPDATE

Technical

Fundamental

UPDATE Technical Fundamental 27th January 2012 Medium-term: Cable remains delicately poised Disclaimer in association

27th January 2012

Medium-term: Cable remains

delicately poised

January 2012 Medium-term: Cable remains delicately poised Disclaimer in association with Authorised and regulated by

Disclaimer

in association with

2012 Medium-term: Cable remains delicately poised Disclaimer in association with Authorised and regulated by the FSA

Authorised and regulated by the FSA

in association with
in association with
in association with UPDATE Technical Fundamental Disclaimer Medium-term: Cable remains delicately poised UK Pound

UPDATE

Technical

Fundamental

Disclaimer

Medium-term: Cable remains delicately poised

UK Pound Sterling - US Dollar 2.005 High from 1991
UK Pound Sterling - US Dollar
2.005 High from 1991
 
 

1.7365

1.7050 Low

1.4237

2.15

2.10

2.05

2.00

1.95

1.90

1.85

1.80

1.75

1.40

1.35

1.30

1.25

1.20

1.15

1.10

1.05

1.00

0.95

0.90

0.85

0.80

0.75

0.70

0.65

0.60

0.55

0.50

0.45

 
1.70 1.65 1.60 1.55 1.50 1.45
1.70
1.65
1.60
1.55
1.50
1.45

MONTHLY CHART

The market has ( for the moment )

retreated from the completion of a

bear continuation triangle formed

at the important long-term rising

diagonal from 1984.

That is the lower diagonal of a bear

rising wedge the completion of the

Triangle would thus signal the

completion of the bear wedge.

UK Pound Sterling - US Dollar 1.83 1.82 1.81 1.80 1.79 1.78 1.77 1.76 1.75
UK Pound Sterling - US Dollar
1.83
1.82
1.81
1.80
1.79
1.78
1.77
1.76
1.75
1.7041
1.74
1.73
1.7050 Low from 2005
1.72
1.71
1.70
1.69
1.68
`
1.67
1.66
1.65
1.64
1.63
1.62
1.61
1.60
1.59
1.58
1.57
1.56
1.55
1.54
1.53
1.52
1.5278 Low
1.51
1.50
1.49
1.48
1.47
1.46
1.45
1.44
1.43
1.42
1.41
1.40
1.39
1.38
1.37
1.36
1.35
1.34
1.33
1.32
1.31
1.30
1.29
M J
J
A S
O
N
D 2009
M A
M J
J
A S
O
N
D 2010
M A
M
J J
A S
O
N
D 2011
M A
M J
J
A S
O
N
D 2012
M A

WEEKLY CHART

Here is the detail of the Triangle

and the structures apparent within

it.

Again we see a bear rising wedge.

But more importantly, note well the

Head and Shoulders reversal -

close to completion.

A

completed H&S pattern would

be

a catalyst for the completion

of

the bear triangle.

to completion. A completed H&S pattern would be a catalyst for the completion of the bear
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in association with UPDATE Technical Fundamental SEVEN DAYS AHEAD Authorised and Regulated by the FSA 124

UPDATE

Technical

Fundamental

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