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Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on February 15, 2010, 11:14:38 pm

Title: GBPUSD Analysis.
Post by: pranjali on February 15, 2010, 11:14:38 pm

GBPUSD traded in a narrow range between 1.5534 and 1.5763. However, the price action in the range is treated as consolidation of downtrend from 1.6456. One more fall towards 1.5400-1.5500 area is still possible after consolidation and a breakdown below 1.5534 could signal resumption of downtrend.

http://blog.forexcycle.com/wp-content/uploads/2010/02/20100216_gbpusd_1.gif (http://blog.forexcycle.com/wp-content/uploads/2010/02/20100216_gbpusd_1.gif)