Posted by millionaire | Sunday, September 05, 2010 | | 0 comments »




Gbp/usd weekly update:

There is no sign reversal yet.Seems healthy bearish condition still valid for further decline,expect weakness toward 1.4300 region first.Above 1.5800 may invalidate this view.


gbp/usd daily chart:

Keep watching,need to establish below 1.5100 to accelerate bearish momentum toward 1.4900----1.50 region.Meanwhile,be cautious,likely rebound in progress,should contain below 1.5680 and bring another fall.

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