Monthly GBPUSD Shows Dollar in for Steep Decline

12 Jan 2013

Using pattern analysis with special emphasis on expanding wedges one can see that we have a high probability of a steep decline in the USD as compared to the GBP in the not too distant future. This knowledge can help us determine the breakout direction at smaller time frames as well. You'll see about a 4000 pip move in the GBPUSD over the next year or so.