Aug 25, 2010

FX Path

FX Path

GBP/USD - Descent to One-Month Low

Posted: 25 Aug 2010 08:44 AM PDT

GBP/USD Daily ChartPrice action on GBP/USD (a daily chart of which is shown) as of Wednesday (8/25/2010) has hesitated after approaching key 1.5350 region support on the heels of almost three weeks of bearish price action that broke down below a key uptrend support line and just established a new one-month low for the pair. For more technical analysis on this currency pair, please click here for Wednesday’s (8/25/2010)  Chart of the Day.

James Chen, CTA, CMT

* For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here.
* For information on my new book, Essentials of Technical Analysis for Financial Markets (Wiley), please click here.
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)