The Advisor Weblog |
| Posted: 16 Jun 2011 04:32 AM PDT Pound seems ready to be next selloff, once below daily low. the pair left a small gap around 1.6160 after recent UK data, again much below expectations. I see the pair now heading towards 1.6060, past May monthly low. If below, the side may extend to the 1.5970 area in the short term.
Here is the technical perspective in detail: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/06/16/
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