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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.

Sunday, September 24, 2006 at 02:19 GMT

Key resistance at 1.8918 has broken above and GBPUSD has bottomed at 1.8602, further rise towards 1.9142 previous high resistance to reach the next cycle top is possible in the next several days. For long term analysis, the pair is bottoming on weekly chart, and we are waiting for a break out above 1.9142 to confirm this cycle bottom.

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