GBP/USD Forecast For March 24, 2011

ForexMansion.com
updated | Author's Website

By ForexMansion.com

 

The cable has fallen today after a bullish previous two days. This is to be expected as we grind higher in this pair. The biggest problem we will have trading this pair is that neither economies seem to be favored at the moment. Because of this, these types of days will happen. Until the 1.60 level is broken through, there is no real shorting opportunity in this pair. The pair should be bought on dips, but be prepared to be patient for your gains.

 

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