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GBP/USD Classical Technical Report 11.30

By Joel Kruger, Technical Strategist
30 November 2011 07:53 GMT
Daily_Classical_GBPUSD_body_gbp2.png, GBP/USD Classical Technical Report 11.30

GBP/USD: The latest daily close below 1.5625 further 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 on a daily close basis.

--- Written by Joel Kruger, Technical Currency Strategist

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30 November 2011 07:53 GMT