Monday, July 27, 2009

UNITED WORLD CAPITAL Technical Analysis Daily: GBP/USD

Pound/Dollar made a moderate decreasing movement on Friday. On the 1 hour chart there is an descending triangle formation, suggesting a potential bullish impulse for the Cable, especially if the formation is penetrated upwards. Short term signals are ascending, but remain neutral in the medium term. Immediate support is this.... UWCFX

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[Source: Technical Analysis Daily: GBP/USD]
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Posted by United World Capital Forex at 6:53 PM

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