Mark ... Everything you have been told is a LIE
-
GBP/USD Outlook May 28 – June 1
The pound continued its sharp drop this week, as GBP/USD aiming to reach critical low support. The upcoming week has seven releases, including Manufacturing PMI. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. A weak GDP release in the UK is pointing to a deeper recession than forecast. As well, talk of a Greek exit from the Euro-zone and a lacklustre response to the fiscal crisis in Europe is weighing on the pound, which had a miserable May, losing around six cents against the surging US dollar. GBP/USD graph with support and resistance lines on it. Click to enlarge:
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- May 27, 2012 5:23pm May 27, 2012 5:23pm
- spzd
- Joined Dec 2010 | Status: Hybrid PA | 239 Comments
- Comment #2
- Quote
- May 27, 2012 5:27pm May 27, 2012 5:27pm
- Gaaikema
- | Joined Aug 2011 | Status: Member | 372 Comments
- Comment #3
- Quote
- May 27, 2012 8:14pm May 27, 2012 8:14pm
- dafox1
- | Joined May 2012 | Status: Member | 1 Comment
- Comment #4
- Quote
- May 28, 2012 1:39am May 28, 2012 1:39am
- Guest
- | IP XX.XX.208.70
- Comment #5
- Quote
- May 28, 2012 2:20am May 28, 2012 2:20am
- explorer101
- | Joined Apr 2012 | Status: Member | 357 Comments
- Comment #6
- Quote
- Edited 3:11am May 28, 2012 2:36am | Edited 3:11am
- Gaaikema
- | Joined Aug 2011 | Status: Member | 372 Comments