GBP/USD Technical Analysis of Nov 2nd 2012 by MBCFX.com
• Short term analysis: the GBP/USD prices succeeded in breaching down the MA20 which supports the bearish trend toward the 1.6040 level
• Long term analysis: The GBP/USD prices formed
a double Bottom W which indicates the drop of the prices to reach the Simple Moving Average 20 that corresponds to the 1.5858 level.
For more info or further technical analysis please visit our website on :
http://www.mbcfx.com/index.html
• Short term analysis: the GBP/USD prices succeeded in breaching down the MA20 which supports the bearish trend toward the 1.6040 level
• Long term analysis: The GBP/USD prices formed
a double Bottom W which indicates the drop of the prices to reach the Simple Moving Average 20 that corresponds to the 1.5858 level.
For more info or further technical analysis please visit our website on :
http://www.mbcfx.com/index.html
