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Chart Of The Day: GBP/USD

Discussion in 'Technical Analysis' started by ActionForex.com, May 6, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Still very much in a long-term uptrend mode despite the recent waves of moderate dollar-strengthening, the GBP/USD daily chart, as shown, is currently in a critical price consolidation. After a relatively short run-up following a triple bottom earlier in the year (represented on the chart by the short yellow support...

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