The Gbp/Usd peaked at the 1/2 X-Sequentials X7 price target on 5/8/09 at 1.70430 and reached on 10/13/09 with 1.57050 the minimum downtarget of the X7 countermove

(X-Sequentials Move X) .

Currently the pair is within a range of 1.70430 to 1.47311.

If the pair breaks below the low at 1.5705 the next price target area is located at 1.48277-1.48060.

The maximum target for a downmove is : 1.46931.

Chart: Gbp/Usd ,X-Sequentials Daily Chart

GBPUSD

Intraday a X-Sequentails X5 pattern was formed and reached it´s inverse 5XZ price target .

The Gbp/Usd bottomed at 1.58300.

The following counter move found it´s high at 1.62270 .

If the Gbp/usd breaks through the 1.62270 high ,the next target Zone to the upside lies at

1.64326-1.65026 ,but chances are low ´cause the high at 1.62270 was between the replaced

X countermove zone of the X5 pattern.

That indicates a upcoming downmove .

Chart: Gbp/Usd ,X-Sequnetials 60 Minute Chart

GBPUSD

yours sincerely,

Devin Sage

www.Technische-X-Analyse.de