As of Wednesday (3/10/2010) morning New York session, price action on GBP/USD has continued its slide that began in the beginning of the week. Having broken down below the key 1.5000 mark, continued bearish price action in line with the overall downtrend could currently be targeting support around the long-term 1.4780 low of last week.
- James Chen, CTA, CMT
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Hi Mr Chen,
Do you think its possible a correction of G/U above 1.51 before continue this downtrend ?
Thanks