Wednesday, January 28, 2009

Beat Down on the Pound


Beat Down on the Pound

By Ed Ponsi, Fresident, FXEducator.com

Back in November, I wrote an article titled "The Pound is Losing Weight" that mentioned a huge support level at 1.40 for GBP/USD. Well, after creating a temporary support at the 1.4460 area, we finally got there last week, with the British Pound collapsing to that level and beyond

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