The pair peaked on 1/19/10 at 1.64380.
The low after the peak was at 1.60740 on 22/1/10
A new X-Sequentials X5 pattern had been formed.
If the Gbp/Usd breaks below the low at 1.60740 the price targets are :
5XZ 1/2 :1.57105-1.55016
5XZ 1:1 :1.49624-1.46619
Chart: Gpb/Usd ,X-Sequentials 60 Minute Chart
If the Gbp/Usd breaks not below the low at 1.60740 ,it is still possible that the pair reaches the next up targets located at
yours sincerely ,