17 MAY 2009 Weekly Review
GBPUSD
Price floating up and down near weekly pivot for this week (1.5107), but it seems like the bullish trend has gone weaken. See picture below and on top area after price reached 1.53++ price went down back to 1.52++ area. The trendline is not confirmed yet, but thats what i see for now, still no confirmation for bullish/bearish trend. If you ask me where price will go for next week, i vote 70% for down, 30% up ! :D
Click picture to enlarge
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