FX.co ★ The market manipulations analysis of the GBP/USD by Alexey Portnov for 03/11/2010

The pound could not overcome the 9-month high, as the price started to correct. Presently, the price is in the wide trading range, thus denoting the uncertainty ahead of the FOMC meeting. The further movement out of the range will correspond to its breakout, and the motion within the range depends on the level of average prices (1.6025), the fixation above which provides advantages to one of the market sides.
Trading recommendations:
-stay outside of the market