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FX.co ★ GBP/USD Bearish Outlook , March 03, 2011 (Daily Strategy)

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Forex Analysis

2011-03-03T14:12:11
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GBP/USD Bearish Outlook , March 03, 2011 (Daily Strategy)

GBP/USD Bearish Outlook , March 03, 2011 (Daily Strategy)

GBP/USD

Today, the important levels for British pound - United States dollar pair are 1.6365 ( (1st resistance) 1.6345 (fractal) , 1.6331 (fractal) 1.6296 (daily pivot).
An impulsive descendant movement can take place after the breakout of 1.6240

Now, the pair's downwards potential is stronger than ever, we predict a downwards movement towards the first, support monthly level around 1.6050.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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