GBP/USD Technical Analysis
/05.15.2013/ MBCFX
The cable (
GBP/USD )remains under selling pressure to trade below the 1.52 level, due to the retreat of
the US Dollar at the beginning of the European session, and we notice on the
daily chart that the prices have succeeded in breaching down the ascending
channel that we have followed since two weeks.
However the
GBP/USD would represent good opportunities to buy as a correction step of the
previous bearish trend, so we expect it will rise to reach the 1.5225 and
1.5240 levels, which will represent good
opportunities to short the pair.
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