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GBP/USD: possible bearish resumption

By ForexJan 31, 2013 11:19AM GMT Add a Comment
www.investing.com/analysis/gbp-usd:-possible-bearish-resumption-153302
GBP/USD: possible bearish resumption
By   |  Jan 31, 2013 11:19AM GMT
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The bounce from Monday's lows looks like it is weakening and the down-trend could be resuming but it is a little too early to say. It will probably fall to the 1.5790 area, and if there is then a move higher, it could reach 1.5875. There is a strong chance, however, the down-trend is resuming and a break of the 1.5724 lows would confirm a fall, probably to the 1.5660 major trend-line.
GBP/USD: possible bearish resumption
 

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GBP/USD: possible bearish resumption

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