Fractal Analysis for March 03, 2011 (Daily Strategy)

Bearish outlook GBP / USD, 3 March 2011 (daily strategy)

British Pounds / US Dollars

Today the British Pound - US Dollar pair 1.6365 (initial resistance) 1.6345 (fraction), 1.6331 (fraction) 1.6296 (daily pole) important levels.
Unexpected generating activity can occur after the 1.6240 explosion.

Now the pair's bearish trend is stronger than ever, predicting a bearish trend that supports the monthly level at 1.6050.



Conducted by analyst Gerardo Porras Palomino
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