FX.co ★ The market manipulations analysis of the GBP/USD by Alexey Portnov for February 17, 2011 Alexey Portnov

As expected, the pound declined, but started to advance since the US session. At the moment the price is rising on, which demonsrates positive sentiment after US news session. I expect slight correction for testing support levels; afterwards further advance is likely to follow.

Trading recommendations:

- high volatility, thus no trading is recommended