Daily Forex Analysis - August 20, 2008

GBPUSD Analysis.
GBPUSD formed a short term cycle bottom at 1.8512 on 4-hour chart. Further rebound towards 1.8900 level is now in favor, and a break of 1.8722 resistance will confirm such case. As long as 1.8900 level holds, we’d expect down trend to resume, and fall below 1.8512 level will signal deeper decline to 1.8200 level.

20080820_gbpusd_1

For long term forex analysis.

Get Your Free Elliott Wave Tutorial Now!

See also:
Forex Articles
Forex Reviews
Powerful Profit System
Automate Your Trading Profits
Boost your Profit to Extreme

This entry was posted on Wednesday, August 20th, 2008 at 2:58 and is filed under Short Term Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply



Other finance sites

bad credit loan
Searching for a bad credit loan can be a laborious task. Why not let All About Loans do the hard work for you? Click on the link above.

bridging loan
National Credit specialists in bridging loads and credit, clear lending rates and great fast service. Easy loan application.

Car Insurance
Check out this site for a comparison of car insurance rates..

Umbrella Companies
Great choice of Umbrella Companies from the UK`s premier company.

Compare Secured Loans
Search and compare 100s of secured loans with the loans search engine at Accepted.co.uk. Find a great deal today!