Analysis GBP / USD 25-Nov-10
November 25, 2010 by Forex news
Filed under Forex, Forex news, Uncategorized
The cable continues to provide a short-term bearish forecast to be necessary to break under 1.5750 for further downward movement towards the 1.5650 area. The closest resistance can be seen in the 1.5850 and its rupture would lead to a neutral zone where I do not recommend trading to give a very clear trend forecast. However, while moving the price remains within the bearish channel you can see in the chart, we are in bearish phase. The CCI indicator is still in negative territory in graphics H4, suggesting that downward pressure is still enough …
