Technical and fundamental outlook on US markets, forex, interest rates and commodities.
Also a platform to provide trading ideas.
Wednesday, January 16, 2008
GBP: Sell into rally
Looking at the above GBP chart, the weekly uptrend channel was broken and downside is actually 1.92 from here. Currently holding up well above the 2005 high support line near 1.95, any rally in GBP near term will be a good chance to sell and target 1.92 eventually.
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