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GBPUSD: Out Of Sideways Range With Prospect For 1.5276

Discussion in 'Technical Analysis' started by ActionForex.com, Feb 6, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The pair has finally pushed through its Oct 13’09 low/range lows at 1.5706, breaking out of its broader sideways range and putting GBP on the path to further downside weakness towards the 1.5276 level, its .50 Fib Ret(1.3501-1.7041 rally). GBP has been trapped in large range between the 1.7041 and...

    complete article here...

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