Wednesday, November 14, 2012

Forex Analysis: GBP/USD Drops to Key Support

GBP/USD (daily chart) has dropped below 1.5900 support down to both the 200-day moving average and an important uptrend support line extending back to the June 1.5265 low. This fall has established a new 2-month low for the pair and has placed it at a critical support confluence. If the bearish trend that has been
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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