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GBP/USD Daily Outlook

Discussion in 'Forex Daily News & Outlook' started by ActionForex.com, Jan 21, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    GBP/USD edges lower today and is heading to retest 1.9481 low. As discussed before, with 4 hours MACD staying below signal line and negative, recovery from 1.9481 should have completed at 1.9789 already. At this point, intraday bias remains on the downside as long as 1.9621 minor resistance holds. Break...

    complete article here...

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