FX.co ★ The Analysis of the Market Manipulations with GBP/USD for September 8, 2010

The pound did not manage to strengthen above the resistance 1.5460, thus a decrease followed, during which the nearest support levels were passed. At the moment the pound is trying to re-test the price area of 1.54. On this test the further behavior of the pair depends, if there is an abort, I wait for the renewal of the local low; if the price fixates above the mentioned levels, I expect the ascend not higher than 1.5460.
Trading recommendations:
- From the area of 1.54 with the signals of the falling for your trading system we should sell.