Monday, April 22, 2013

GBP/USD Trading in Uptrend Channel – Will it Fall Off?

GBP/USD has been trading in an uptrend channel since mid March. However, fundamentals are weighing heavily on the pound, which has already fallen from its highs. If the pair were to lose the uptrend channel and support around 1.52, we could see an accelerated move towards 1.50 at first and perhaps towards the 1.48 bottom
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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