Forex | Forex Strategies | GBP/USD, EUR/USD & STG/EURO (24/08/2009 06:57:56)

GBP/USD, EUR/USD & STG/EURO

GBP/USD Cable hit the 1.6625 region Friday, but gains were not sustained and this gave better levels for sellers to get into the market. Now, after Fridays action this is looking weaker and there is scope for further deciles this morning. Support located at 1.6510. If this breaks the 1..6480 region sellers will once more be in the market looking to drive this lower to 1.6450/25 initially. Here sellers will cover. Buyer may come in at these lower levels. However, if the sellers have their way


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