Daily Forex Analysis – November 2, 2011
This post by ForexCycle.com has been reprinted from Forex Market Analysis.
Comments OffGBPUSD Analysis. GBPUSD is facing 1.5891 support, as long as this level holds, the fall from 1.6164 is treated as consolidation of uptrend from 1.5272, and another rise to 1.6250-1.6300 area is still possible. However, a breakdown below 1.5891 will indicate that a cycle top has been formed at 1.6164 on 4-hour chart, then lengthier [...]
ForexCycle.com @ November 2, 2011