FX.co ★ The market manipulations analysis of the GBP/USD by Alexey Portnov for March 15, 2011

The pound also demonstrated a decline amid events in Japan. As mentioned in the previous review, I expect the dollar to advance; today’s events might initiate a downtrend, for example, FOMC meeting. At the moment I expect a slight correction and further decline after Japanese session.

Trading recommendations:
- it is recommended to look for medium-term selling points.