GBP/USD corrects prior gains

Date: Thursday 20 Jun 2013

The strong correction on the GBP/USD is not a big surprise considering the sudden revaluation over a short time span, according to technical analysts at Digital Look.

"A 50% retracement of the prior rally would take the currency pair to around 1.5380 while the 61.8% retracement sits at...

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

« Go back to news channel

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE