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Forex Technical Update

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11-11-08, 03:22 AM

ActionForex.com ActionForex.com is offline

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Forex Technical Update

GBP witnessed a volatile session yesterday trading in 310 pips whereby touching the lows at 1.5552 before closing the session at 1.5625. The Daily & 4-Hourly charts are oversold while the Hourly charts are overbought. Initiate shorts at 1.5730 levels (21 4-Hourly, 55 Hourly & 38.2% retracement of recent fall...

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