Funniest thing is, it did make sense & I understood exactly what you meant.
Translated to non-trader speak.
The cable (British pound)
breaks out (starts a significant upward movement)
against the yen (Japanese Yen - ie, we're talking currencies, foreign exchange or forex here)
from a consolidation range> (a period where the markets 'consolidate' against each other, ie, just get bunched up & go nowhere - it's where the traders sit around, scratch their arses & nobody knows what to do or what's happening)
which was the result of a previous head and shoulders (this is a pattern where this is a slight peak (looks like a human shoulder) which drops down followed by a larger peak (the head) which drops again followed by another slight peak, roughly the same size as the previous peak (the other shoulder))
resistance level (this explains the consolidation bit before - namely, it's a level above which the market seems to have difficult getting above - large numbers like Dow 10,000 are like this. It's kinda mystical mumbo jumbo, but enough people believe it & it becomes true. So the market hovers, maybe goes up to, occasionally slightly breaks, but always pulls back below this 'resistance level' - until it breaks through & takes off - as it just did)
in other words: british pound is getting stronger against the yen, after pissing about for quite a while.
[uhh, just in case anyone was curious, bored and/or didn't already know. hehe]
Translated to non-trader speak.
The cable (British pound)
breaks out (starts a significant upward movement)
against the yen (Japanese Yen - ie, we're talking currencies, foreign exchange or forex here)
from a consolidation range> (a period where the markets 'consolidate' against each other, ie, just get bunched up & go nowhere - it's where the traders sit around, scratch their arses & nobody knows what to do or what's happening)
which was the result of a previous head and shoulders (this is a pattern where this is a slight peak (looks like a human shoulder) which drops down followed by a larger peak (the head) which drops again followed by another slight peak, roughly the same size as the previous peak (the other shoulder))
resistance level (this explains the consolidation bit before - namely, it's a level above which the market seems to have difficult getting above - large numbers like Dow 10,000 are like this. It's kinda mystical mumbo jumbo, but enough people believe it & it becomes true. So the market hovers, maybe goes up to, occasionally slightly breaks, but always pulls back below this 'resistance level' - until it breaks through & takes off - as it just did)
in other words: british pound is getting stronger against the yen, after pissing about for quite a while.
[uhh, just in case anyone was curious, bored and/or didn't already know. hehe]