GBPUSD: On Weakness Path To The 1.4473 Level
By admin | May 15, 2010
GBPUSD: With a decisive break and close below the 1.4718 level, its May 11’10 low achieved on Thursday, GBP has now cleared the way for run at the 1.4473 level, its 2010 low. Below there will pave the way for a further push towards its April’09 low at 1.4396 and even lower. Its larger time frame charts are supportive of this view. On the upside, above the 1.5052 level will have to be traded to reverse its current downside weakness and open the door for additional strength towards the 1.5127/25 levels.
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