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Old 6th August 2009, 13:20
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Default GBP/USD Technical Analysis for 06.08.2009

Hi!
New information concerning the situation in this pair!
The estimated long positions were implemented with the achievement of minimal estimated target. At the moment, OsMA trend indicator marks activity fall of both parties and does not clarify the situation. A slight bearish priority and the absence of close support levels suggest further descending direction of the chart. As for sales the targets will be 1,6910/30 and (or) further variant up to 1,6820/40, 1,6690/1,6710. As for buying positions, the alternative targets will be 1,7070/90 and (or) further variant up to 1,7160/80, 1,7320/40.

As for the other charts and outlooks you can see them here:
http://www.forexltd.co.uk/analytic/forecast
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