GBP/USD in strong bearish

Today GBP/USD will go to 1.5170 & if break it will go to area 1.5235 - 1.5400.
But if that area cannot break, it will back to area 1.4760 - 1.4550..

GBP/USD between 1.4835/1.4885

After testing 1.5069 resistance, GBP/USD pulls back from 1.5048 level, suggesting that a short term cycle top is being formed. Further fall is expected later today, and a break below 1.4466 support will confitm the cycle top and signal resumption of down trend.
However, above 1.5069 eill indicate length consolidation of long term down trend is underway, and further rally to retest to 1.5534 resistance could be seen to follow.

GBP/USD is in downtrend

GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,4600 / 1,4800 range.

GBP/USD with "choppy" trading.

GBP/USD today suggests
'choppy' trading inside 1.4662-1.4827 wud continue
n below 1.4743 wud extend to sup area at 1.4696/05,
break needed to confirm recovery fm 1.4662 is over
n yield resumption of decline to re-test said sup.

Abv 1.4805 wud bring another corrective upmove
to 1.4827 n possibly twds 1.4852/57 b4 decline...

GBPUSD breaks below 1.5177 key support

GBPUSD breaks below 1.5177 key support and pulls back to as low as 1.4807 level. Deeper decline to reach the next short term cycle bottom is still possible later today. However, the next cycle bottom is nearing, and rebound could be seen before breaking below 1.4557 previous low. Key support is now located at 1.4557, a break down below this level will signal resumption of long term down trend, and then the next target would be at 1.4000 level.

US Market holiday / thanksgivings'day

But GBP/USD still on bullish..

GBP/USD will go to area 1.5550 - 1.5650

Today GBP/USD still bullish, it will go to 1.5550 - 1.5650. But before come to that area GBP/USD look like to go to area 1.5250.

GBP/USD still on the top

Today, thursday Nopember 20,2008 GBP/USD will go to a little bullish to the area 1.5130 - 1.5180. From this area GBP/USD can be a bearish until area 1.4890. If it happened GBP/USD will go to area 1.4766 - 1.4727. But if GBP/USD go to the area 1.5250, it will be go to until 1.5350.

GBP/USD back to bearish

Today, bearish for GBP/USD can follow to 1.8412 - 1.4793. This bearish will run out on 1.4990 but if 1.5016 area will running, GBP/USD will go to bullish area 1.5160 or 1.5180 and will be to 1.53..