i'm not sure too..the trend is still very much bearish but on analysis terms, i think we have pretty much had the price cornered.
http://img338.imageshack.us/img338/66/gu10myk9.th.jpg
http://img338.imageshack.us/img338/66/gu10myk9.th.jpg
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DislikedIm not a big news trader, but it seems like the GBPUSd is trading in a box and with the negative news that is due out for the Dollar, this could cause an upwrad break of the box. Which is essence supports your theory of buy GBPUSD.
Which ever way the box breaks, im going with it.Ignored
DislikedI was wrong. Seems like Cable failed to drop again yesterday. This gonna take some time. :Ignored