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GBP/USD Classical Technical Report 11.24

By Joel Kruger, Technical Strategist
24 November 2011 10:51 GMT
gbp_techs_body_gbp.png, GBP/USD Classical Technical Report 11.24

GBP/USD: The latest daily close below 1.5525 confirms our bearish outlook and should now open the door for a bearish resumption back towards the key October lows at 1.5270 over the coming days. Next key support comes in at 1.5400, while any intraday rallies are expected to be very well capped below 1.5800.

--- Written by Joel Kruger, Technical Currency Strategist

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24 November 2011 10:51 GMT