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

GBPUSD: Tests Sideways Bottom, Remains Vulnerable To the Downside

Discussion in 'Technical Analysis' started by ActionForex.com, Jul 6, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    With a shooting star candle printed the past week(weekly chart) and a follow-through lower seen today pushing GBP below its range bottom at 1.6184 before recovering to climb back above it, risk remains for further downside pressure. This is evidenced by its bearish daily studies suggesting further weakness. Support lies...

    complete article here...

Share This Page