1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

GBPUSD remains in down trend

Discussion in 'Major Currency Pairs' started by ForexCycle.com, Oct 9, 2008.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    GBPUSD remains in down trend and the fall from 1.8668 extends to as low as 1.7011 level. Deeper decline may be seen to 1.6750 later today. Initial resistance is at the down trend line from 1.8668 to 1.7659, now at 1.7475 level, as long as the trend line resistance holds, we’d expect downtrend to continue.


    Daily Forex Market Analysis

Share This Page