GBP/USD

March 17th, 2008 | Tags:

GBP/USD formed bearish engulfing on Friday which is a candlesticks reversal pattern. Today the market broke below the Friday’s low and confirmed the reversal. If the support @ 1.9970 is broken the next support is @ 1.9720. Keep in mind the the forex market is crazy these days and anything is possible.

GBP/USD

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