Pound trapped around 1.6600

23 November 2009 @ 07:22 pm EDT

FXstreet.com (Buenos Aires) - GBP/USD Current Price: 1.6612. Trapped around 1.6600, current movement could be consider corrective as long as under the 50% retracement of the last daily fall (1.6823/1.6459) currently around 1.6660; recent candle opening under the 38.2% of mentioned rally, keeps current upside movement as corrective, supported also by hourly indicators that had turned to the downside after price toped at the 200 EMA.

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