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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.

Saturday, October 7, 2006 at 02:50 GMT

GBPUSD is forming a sideways consolidation in a range between 1.8602 and 1.9142, further fall below 1.8602 to reach the next cycle bottom will more likely be seen. Key resistance is at 1.9072, only break above this level may signal the resumption of the up trend.

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