GBP/USD : 09-28-06 Overview

Today, RSI(14) for GBP/USD is on oversold area, despite of that, The movement of this pair in Asian to Earlier Europe session still bearish.
Yesterday's US news readings left this pair traded within range, and we're still waiting for tonight news figures in US session.
We're expecting dollar pullback today, so that further rally could be clear

The pair moved regardless soft US data...Oversold is on the eye now, and then, further rally of the pair seems unlikely. The pair is looking for near term bottom this week. Hopefully, we will see a pullback for this pair to help it get out from the oversold levels.
Today's trend is clearly bearish regardless soft US data.
Save trading : Caught up with the trend...Have a nice trading...