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Author Topic: GBP/USD Weekly Outlook  (Read 2054 times)
Hemant
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« on: February 27, 2011, 05:07:59 am »
GBP/USD Weekly Outlook

GBP/USD lost momentum hitting 1.6271, limited below 1.6276 resistance and retreated. The development suggests that consolidations from 1.6276 is still in progress, with fall from 1.6271 as the third leg. Initial bias is mildly on the downside for 1.5962 support and possibly below. Nevertheless, we'll stay bullish in GBP/USD as<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/Rumg4vGPG40" height="1" width="1"/>

Source: GBP/USD Weekly Outlook
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