GBP/USD

GBP/USD broke the downtrend line after the stronger than expected retail sales data from last week. Technical picture looks now constructive but for uptrend we can talk only after we see a daily close above 1.9960. First support is @ 1.9740.

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This entry was posted on February 27th, 2008 and is filed under Forex Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or Trackback from your own site.