GBP/USD This Week
GBP/USD is in short term bearish. How's GBP/USD movement this week? This article presents technical analysis for GBP/USD this week. Read this article to find out more
By the time I write this article, Monday 6th September 2010, GBP/USD is at 1.5595. GBP/USD is in short term bearish trend
GBP/USD is in short term bearish trend. Moving averages shows short term bearish trend because fast MA is below slow MA. MACD line is still below the signal line, indicates the price is is bearish trend. RSI shows it is going up. In my opinion, GBP/USD will go SIDEWAYS this week. If GBP / USD able to break out downtrend (blue line), it will go up to 1.55
Support = 1.5358
Resistance = 1.5679
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