Action Insight-Forex Analysis – Trade Idea: GBP/USD – Sell at 1.5700
Despite intra-day brief bounce to 1.5766, the British pound ran into heavy selling pressure there and slipped quickly, suggesting recent decline has resumed and break of support at 1.5535 would extend weakness to 1.5500, however, loss of near term downward momentum should prevent sharp fall below 1.5450 and reckon 1.5412…
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March 30th, 2011 at 9:20 pm
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