FX.co ★ GBP/USD For June 11, 2010.

In the Daily TimeFrame We can see this pair seems to have a reversal signal to upwards from the previous downtrend, especially we can see a Divergence between the Price & the MACD Histogram which has made a Double Bottom (Yellow Circle). But this pair seems still in consolidation area ( in the range of EMA 34 By High & Low); so please be prepared for downward movement too.

In the Intraday TimeFrame, this pair seems still in the same upward Movement and there is a very small possibility for this day to reach the 1.4843 levels. But please be careful in trade on Friday, because an unexpected movement from this pair; if this pair close bellow 1.4507 level seems the Upward movement We can categorize failed!