| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
GBPUSD remains in uptrend from 1.5490
Sunday, September 23, 2012 19:47
% of readers think this story is Fact. Add your two cents.
GBPUSD remains in uptrend from 1.5490, the price action from 1.6272 is treated as consolidation of the uptrend. Support is now at 1.6163, as long as this level holds, the uptrend could be expected to resume, and a break above 1.6309 could trigger another rise towards 1.6500. On the downside, a breakdown below 1.6163 will suggest that lengthier consolidation of the uptrend is underway, then deeper decline to 1.6050 area could be seen.
