GBP/USD Mid-Day Outlook

Mar 10 2010

Intraday bias in GBP/USD remains on the downside for the moment. Recovery from 1.4783 might have completed at 1.5194 already after hitting 4 hours 55 EMA. Further fall should be seen to retest 1.4783 low first. Break there will confirm fall resumption and should target 200% projection of 1.6875 to...