February 26, 2013

GBPUSD Chart analysis

 
  • GBPUSD Monthly chart shows a bearish breakdown from a triangle pattern.
  • Daily chart too shows  a Double top breakdown.
  • Weekly chart shows price at a possible Support line. Holding this line a bounce is likely to happen.
  • As we approach month end if the monthly trend is to become stronger then Weekly support line is unlikely to hold.
  • EURUSD CHART ANALYSIS
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