GBP/USD Technical Analysis
/05.17.2013/ MBCFX
The GBP/USD
faced a strong barrier at the Ichimoku clouds area , this pushed the pair high
to trade above the 1.52 level, and today
has reached the 1.5245 level.
However this
rally is just a correction, as the general trend of the Cable is bearish,
especially after it has breached down the ascending channel, this indicates
that the pound will continue its downtrend movement towards the 1.5190 level,
which represents the general expected target of this pair.
