GBP/USD Weekly Outlook

After initial recovery, GBP/USD’s fall resumed and dived sharply to as low as 1.5915 last week. The strong break of 1.6111 support confirmed the medium term reversal pattern and GBP/USD should have topped out at 1.7043. Initial bias remains on the downside this week for 100% projection of 1.7043 to…

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This entry was posted on Sunday, September 27th, 2009 at 6:00 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.