Monday December 13, 2010 - 06:11:20 GMT
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IKON GROUP - ikonfx.com/
Ikon Forex"Does Forex Price of GBP/USD like Vote Result?"
Ikon Forex"The trend of the GBP/USD last Friday hit the new record high recently, and the forex price reached up to 1.5861.
Afterward, the good data of the United States suppressed the non-US currencies, the quotation declined below 1.5800 once again.
The market will release the retail data of the Britain and the relevant employment data, and it is predicted that there would the violent fluctuation.
From the technical and four hours chart, the trend stayed at upside of the red bearish channel. Last Friday, the tendency went up while the forex price made a small break on the red channelâ€™s upside.
However, the long momentum pressured the forex price to the internal of the red channel. The forex analyst anticipated that the whole tendency was led by the adjustment or the slight downside. "
Forex trend analysis based on Ikon forex analyst â€“ Eric
More opportunity of forex trading using MT4 in Ikon Group
Edited by Sarah
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