GBPUSD Daily Analysis of 26 August 2010

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GBPUSD Analysis.

Downtrend is still going on and on from 1.5997 and bounce from 1.5372 is strong but the downtrend is still continuous. The downtrend is expected of GBPUSD and the target area is 1.5300 expected. Short resistance at 1.5550 for holding for a short while but the downtrend is still on it


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[viki]

GBPUSD Analysis.
Still GBPUSD remains in downtrend from 1.5997 and the bounce made from 1.5372 was just a time being treat as strength is still towards downtrend. The wall will be continuous still almost 72 pipes at 1.5300. Key resistance is at 1.5712, break above this level is the strong indication of complete of fall from 1.5997