GBP/USD Continues Slide Within Overall Downtrend
March 10th, 2010 admin
As of Wednesday (3/10/2010) morning New York session, price action on GBP/USD has continued its slide that began in the beginning of the week. Having broken down below the key 1.5000 mark, continued bearish price action in line with the overall downtrend could currently be targeting support around the long-term 1.4780 low of last week. – James Chen, CTA, CMT * For information on my DVD set, High-Probability Trend Following in the Forex Market , please click here . * For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here .
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fxstreet bolg 0 GBPJPY 08 02...
fxstreet bolg_01 _GBPUSD_08_01_10.f...GBPUSD
FXDD Forex Commentary FXStreet Why...The EURUSD moved above the 100 day MA and the 38.2% retracement of the 2010 trading range last week and remained above those levels on a closing basis this week. Today the price has flucuated below and above the levels. ...
FXDD Forex Commentary FXStreet Comm...The GBPUSD has been rallying higher since May 2010. Over that time the price has moved from 1.4229 to a high last week of 1.5470. The pair over the last few day has shown signs of tiring. The price has moved below the 100 hour MA today. The pair tested the 200 hour MA at the 1.5197 level and held but the corrective move higher has stalled at the 1.5240 level, a key technical level I am watching.... ...
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