GBP/USD Fights The Forces But Moves Lower

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GBP/USD Fights The Forces But Moves Lower

By Greg Michalowski on June 10, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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Focus, for me remains on the 5 minute chart for the clues today for the GBPUSD. The price is now back below the 200 bar MA after moving between 200 and 100 bar averages. The 1.6330 level becomes the next confirming level to get through. Then the low for the day. Watch the steps. Price below 200 and 100 are the key.

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