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Saturday, March 27, 2010

Rachel Bilson Stuff Magazine Photo Shoot

GBP/USD fell for the second week in a row accumulating a decline of 450 pips since March 17. The pair rose on Friday but failed to consolidate above 1.4900.

Cable tumbled on Thursday to a fresh 3-week low below 1.4800 and on the last trading day of the week managed to recover rising to 1.4925 but then pulled back to 1.4890.

GBP/USD managed to hold above March lows that lie at the 1.4780 zone, which is becoming a key support.

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