The Gbp/Usd reached it´s X.Sequentials X countermove target at 1.64230.
Within that X move segment a X-Sequentials X5 has been formed.
The Gbp/Usd closed on Friday the 1/29/10 at 1.5991

Forecast:

It is unlikely that the Gbp/Usd breaks above the last high at 1.62760.
The X5 pattern´s 5XZ down move targets will unfold next :
5XZ 1/2 : 1.5710-1.5501
5XZ 1/1 : 1.4962-1.4661

Chart: Gbp/Usd , X-Sequentials 60 Minutenchart

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yours sincerely ,
Devin Sage ,TXA Trading
www.Technische-X-Analyse.de