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2007-05-21
Location: BlogsMy journey with GBPUSD    
Posted by: ForexPlane.com Editor 5/21/2007 10:58 AM
This week sees a continued down movement of the GBPUSD and EURUSD. Tokyo began the session without much fanfare. London didn't do much to push out the day's range set by Tokyo. NY is expected the same way unless news today will influence the breakout.



GBPUSD has a falling wedge that may be a sign of bears losing interest in taking it down further. Wait and see for a bounce and possible higher low to confirm the reversal.
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