Monday, October 10, 2011

GBP update

Last week, i had a post on GBP/USD, stating it should get to 1.5260,,,we got to 1.5268, and reversed strongly...I dont think however this bounce will last very long....as the main trend is still down...I think we should get to just below 1.48, before a decent move to the upside begins..

Here;s the link to that post..

I think tommorow, we should see a rejection at the 0.382 level, and possibly the resumption of the downtrend..

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