EUR/USD Bearish Outlook for August 17, 2012 (Daily Strategy)
Fundamental Analysis, for August 17, 2012
News: 2012-08-17 14:22:17 UTC+00 10 months, 1 day, 16 hours, 55 min. ago
GBP/USD Sell Below 1.5740 for August 17, 2012 (Daily Strategy)

 

The pound sterling failed to hold above 1.5740 resistance, currently it is quoted below this level and it is likely that the downward pressure will bring it to 1.5640 next support level. It is possible that the currency will try to break this level again. If the attempt is unsuccessful, we recommend selling on the return 1.5732, with targets at 1.5646, the stop loss is placed above the highs of 1.5770.
The indicators are showing negative divergence.

 


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Performed by
Analytical expert: Gerardo Porras Palomino
InstaForex Group © 2007-2013
 Published: 2012-08-17 14:22:17 UTC+00 10 months, 1 day, 16 hours, 55 min. ago

 
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