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GBPUSD - Free Forex Market Analysis

In FREE Forex Market Analysis section, we'll provide forex market traders mid-term technical analysis of major currency pairs. But first of all, you should go to FAQ page to read the expression of the signs and words that appeared on the forex market analysis charts. You may join our yahoo group if you want to receive the update alert immediately after the analysis had been posted. For daily forex analysis, you can subscribe our Short-Term Forex Market Analysis, now you can get it at no charge.

Wednesday, September 20, 2006 at 02:31 GMT

GBPUSD is bottoming on daily chart, key resistance is now at 1.8918, a break above this level may label the cycle bottom at 1.8602 and further rise above 1.9142 can be expected after breaking above this key resistance. key support is at 1.8602, only break below this level may signal the resumption of the down trend. For long term analysis, the pair may be bottoming on weekly chart, and we are waiting for a break out above 1.9142 to confirm this cycle bottom.

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