GBP/USD Daily Feb. 03, 2010 

GBP/USD Daily Feb. 03, 2010

Posted by Hell7 on Wed, 03/02/2010 - 23:51 in

The daily chart of the GBP/USD currency pair shows that price finally closed below the lower line of the green pitchfork, which, together with the form of the daily candle, suggests price might be ready to break down further.

My swing trade taken at the median line of the green fork is looking better and better


click chart for larger view
Note: this analysis is valid for trading on Feb. 4, 2010. A more recent one might be available here