GBP/USD Bounces Back Fast After Touching NY Lows

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GBP/USD Bounces Back Fast After Touching NY Lows

By Greg Michalowski on October 5, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The 1.5911 level was breached and a low of 1.5901 level was reached but the move lower was quickly reversed. This is not what you like to see. It is not what the market should have down. Be careful now. Look for buyers against the 1.5911 level now. Watch 1.5944 100 bar MA on chart above now (blue line).

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