GBPUSD Daily Forecast: October 22
October 21, 2009 - 10:01 pm by FX Instructor · Leave a Comment
GBPUSD Forecast:
The GBPUSD violated my bearish channel yesterday, indicating nothing but the end of bearish scenario and the beginning of a bullish scenario with technical target at 1.6740 and 1.7042 area. CCI in overbought area and heading down on h4 chart so watch out for potential downside correction testing 1.6570/20 support area. Short position is not recommended.
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