Wednesday, May 14, 2008

GBP/USD Mid-Day Outlook

Cable's recovery from 1.9442 was limited below 4 hours 55 EMA and weakens sharply again. Though, downside is still contained above this low. At this point, intraday bias remains neutral and further consolidation might be seen. Nevertheless the whole decline from 2.0391 should still be in force as long as...



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