International Trading

Technical Daily Analysis $GBPUSD wedge

Monday, August 30, 2010 , Posted by Usman Ali Minhas at 8:19 AM

Buzz thisInternational Trading

We have consolidated inside a wedge which is bearish for the cross. The cross has tested the top 3 times but has not broken out so would expect a run back to the bottom of the wedge. Should it break out south look for 1.5463 and 1.5421 as the downside targets. A breakout north should produce a move to the 1.5659. It is Monday and markets are looking for direction.
GBPUSD

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