GBPUSD: Risk Points Lower Towards The 1.5706 Level

As the pair continues to extend its declines initiated from the 1.6875 level, its Nov 16’09 low following its break below its psycho level at 1.6000, threats of further downside is expected towards the 1.5706 level, its Oct 13’09 low. A breach will see a 100% price retracement (from 1.5706-…

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GBPUSD: Risk Points Lower Towards The 1.5706 Level

Tags: pair

This entry was posted on Sunday, December 27th, 2009 at 3:23 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.