Monday, November 26, 2012

Forex Analysis: GBP/USD Turns Down at Key Resistance

GBP/USD (daily chart) has made a tentative retreat after making significant gains for the past week and a half. This tentative bearish turn occurs after price climbed up to hit a key resistance confluence at both the 50-day moving average and the downtrend resistance line extending back to the September 1.6300 region high. A week
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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