GBPUSD-11:40 (CET)

20 November 2009 @ 07:38 am EDT

The cable is falling and getting closer to the 1.6500 dollars per pound target. The bands of Bollinger show a volatility of 135 pips in the hour, hinting a possible reaction and trend shift, while the 14 period RSI is clearly oversold.If the trend reverts, the pair could consolidate with the 50 and 200 days MA.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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