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Today's Market Outlook

Discussion in 'Technical Analysis' started by ActionForex.com, Nov 28, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    GBPUSD: Downtrend from July's 2.0154 peak reached 1.4556 on 13 Nov, ahead of recovery. This reached 1.5532 high on 25 Nov, followed by current correction/consolidation. Short-term outlook remains supportive for fresh attempt higher, with break through 1.5532 required to open 1.5600/1.5701, 50% retracement of 1.6669/1.4556 down-leg/ 11 Nov intraday high...

    complete article here...

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