$GBPUSD hit 1.52 level , what next ?
Sunday, February 24, 2013
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There is a high probability that we may see 1.4700 next days . The 4 years trend was broken, Also an important support was broken .
Fundamentally, Bank of England wants to exceed its QE . UK was downgraded.
I think any bounce for GBP will be just a retracement towards 1.55/1.56 levels then the bearish trend will continue and that is only if we have a bounce .
See the chart below :
Here was my last post on $GBPUSD : $GBPUSD : This pattern is getting so tightly squeezed, a breakout is imminent
Ayman Khlifat on Twitter :
Follow @aymankkhlifat
There is a high probability that we may see 1.4700 next days . The 4 years trend was broken, Also an important support was broken .
Fundamentally, Bank of England wants to exceed its QE . UK was downgraded.
I think any bounce for GBP will be just a retracement towards 1.55/1.56 levels then the bearish trend will continue and that is only if we have a bounce .
See the chart below :
Here was my last post on $GBPUSD : $GBPUSD : This pattern is getting so tightly squeezed, a breakout is imminent
Ayman Khlifat on Twitter :
Follow @aymankkhlifat
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