GBPUSD: Halts Declines, Prints Hammer Candle

The pair halted its declines triggered off its Nov 16’09 high at 1.6875 on Friday after reversing an intra day weakness from the 1.6267 level to close lower at 1.6499. Although this did not stop GBP from closing marginally lower on the weekly time frame, the presence of a hammer…

Read more here:
GBPUSD: Halts Declines, Prints Hammer Candle

Tags: friday, gbp, weekly

This entry was posted on Sunday, November 29th, 2009 at 6:47 am and is filed under Action Forex News. 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.