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GBP/USD Trades in a Falling Channel; Bounces off Support Pivot

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GBP/USD Trades in a Falling Channel; Bounces off Support Pivot

Money Mind - Forex

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23-05-2013, 10:40 PM

bluetooth

The one

Join Date: May 2000

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GBP/USD Trades in a Falling Channel; Bounces off Support Pivot

Support pivot: After a bearish push that followed softer UK inflation data and Bernanke's testimony, the GBP/USD finally found support around a previous support pivot near 1.5025.The 4H RSI also resolved an oversold reading.

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