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Forex Technical Update

Discussion in 'Technical Analysis' started by ActionForex.com, Nov 11, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    GBP witnessed a volatile session yesterday trading in 310 pips whereby touching the lows at 1.5552 before closing the session at 1.5625. The Daily & 4-Hourly charts are oversold while the Hourly charts are overbought. Initiate shorts at 1.5730 levels (21 4-Hourly, 55 Hourly & 38.2% retracement of recent fall...

    complete article here...
     
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