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MoneyMakerGroup _ Archives _ ActionForex Reports - GBP/USD Mid-Day Outlook

Posted by: MMG News Apr 11 2010, 11:55 PM

GBP/USD's rebound from 1.4798 is still in favor to continue as long as 1.5128 support holds, possibly to 50% retracement of 1.6456 to 1.4783 at 1.5620. nevertheless, there is no change in the view that price actions from 1.4783 are consolidations in the medium term decline. Hence, upside should be...

http://www.actionforex.com/action-insight/gbpusd-outlook/gbp%10usd-mid%11day-outlook-20100412110751/