Friday, December 19, 2008
British Pound Technical OutlookI issued an alert yesterday in the Forex Alerts
section, mentioning that “the GBPUSD is vulnerable to a drop below
1.5239 in an ongoing correction. Potential support is at the 61.8%
Fibonacci of 1.4812-1.5728 at 1.5162…shorter term minded traders may
wish to lighten up on longs at this point given the potential for a 300
pip drop from the current juncture.”This
pattern... [read more]
posted by fxgencurrency,
in British Pound Technical, Yen Technical
@ 1:39 AM,
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