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View Full Version : Forex: GBP/USD Still Weak, Downtrend Held By 1.5888 Support For Now



Robert
05-17-2012, 04:14 PM
Welcome to your favorite News Channel. This is just in:

On Wednesday Pound/Dollar continued decreasing with almost 105 pips. The Cable depreciated from 1.5994 to 1.5888 yesterday, in line with the negative money flow sentiment at bellow -7%, closing the day at 1.5907. Today the British Pound is pulling slightly down again, with movements, however, at the lower end of yesterday's range for the time being.

Click here to Read More... (http://www.ibtimes.com/articles/342089/20120517/gbp-usd-still-weak-downtrend-held-by5888-support-now.htm)