Daily Forex Analysis ? March 9, 2011

GBPUSD Analysis. GBPUSD’s fall from 1.6343 extended to as low as 1.6125. Deeper decline towards the rising trend line on 4-hour chart is still possible later today. Uptrend could be expected to resume after touching the trend line. On the other side, a clear break below the trend line support will indicate that lengthier consolidation [...]

Source: http://blog.forexcycle.com/6021/daily-forex-analysis-march-9-2011/

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