Wednesday December 8, 2010 - 11:19:23 GMT
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IKON GROUP - ikonfx.com/
Forex"GBP/USD Trend Analysis"
Stimulated by the good manufacture industry data in Britain, the forex price of GBP/USD broke through the integer gate of 1.5800. However, because of the worry to the debt crisis in euro zone, there was the GBP selling in the forex market.
And the forex price of GBP/USD also maintained nearby 1.5750, according to the forex analystâ€™s prediction, there was the space for forex price to go up in afternoon session.
It is indicated in the technical and four hours chart that the quotation stayed on the middle of the red bearish channel.
The quotation wanted to increase in the internal of the red bearish channel, leading to the forex price rising to position above 1.5808, but not affirmed.
The overall trend of GBP/USD was going up with fluctuating. The forex analyst predicted that the quotation will test the pressure level of 1.5808 once again or break through to increase.
Forex News from Ikon Group
Edited By Sarah
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