Portfolio

GBP/USD: Still no sign of a rebound

Date: Wednesday 27 Feb 2013

GBP/USD: Still no sign of a rebound

A strong bearish trend remains intact for the GBP/USD as it trades at a two-and-a-half year low, according to technical analysts at Digital Look.

"There are still no signs to confirm a rebound in spite of the high oversold levels on the daily price chart," the said.

"In order to confirm the start of a considerable rebound, there must be a close above Friday's high at 1.5322."



CN

Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange Market.

..

Email this article to a friend

or share it with one of these popular networks:


Top of Page