GBP/USD Mid-Day Outlook

GBP/USD soars to as high as 1.6456 today but drops sharply since then. As noted before, rise from 1.5829 is treated as correction to fall from 1.6875 only and is expected to be limited by 61.8% retracement of 1.6875 to 1.5829 at 1.6475. Considering mild bearish divergence condition in 4…

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This entry was posted on Tuesday, January 19th, 2010 at 10:07 pm and is filed under Forex, Forex Trading, Forex news, Money. You can follow any responses to this entry through the RSS 2.0 feed.