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GBPUSD - Bearish Below Resistance Of 1.5896

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GBPUSD - Bearish Below Resistance Of 1.5896

Stocks, Unit trusts, Wealth Management and Forex markets

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09-02-2012, 05:34 PM

bluetooth

The one

Join Date: May 2000

Location: UK

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GBPUSD - Bearish Below Resistance Of 1.5896

GBPUSD Early gains were rejected with sellers emerging above 1.5900. The subsequent downside momentum resulted in GBPUSD posting a daily Bearish Engulfing formation, a pattern of trading consistent with exhausted bull market momentum and the start of a new bearish bias. However, the decline stalled at the reverse trend

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