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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.

GBP/USD

This entry was posted on Wednesday, February 27th, 2008 at 8:37 am 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.

One Response to “GBP/USD”

  1. » GBP/USD Says:
    February 27th, 2008 at 8:52 am

    [...] Sean Hyman wrote an interesting post today onHere’s a quick excerptGBP/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. … [...]

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