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Week in review
Location: BlogsMy journey with GBPUSD    
Posted by: ForexPlane.com Editor 6/10/2007 9:11 AM
The expected end of the correction just became an extended correction. I think that caught quite a few traders off guard, including myself. But the retest of the recent bottom will be carefully watched this week. After the NFP, things should settle down to summer season trading, which will be milder in movements than normal.

GBPUSD and EURUSD are still bullish from a long-term perspective. We'll watch for if more supports are breached and we'll reconsider the overall trend then.
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