GBP/USD Update 19/12/2007 (weekly chart)
If we look at cable’s weekly chart below
cable had made a clear break of the weekly chart’s ascending channel.. i’m referring to the EMA 100 weekly for a foreseenable tp for GU if this week’s cs closes under 2.0172. The ao and stoch is confirming this downtrend. so let;s have a look again at the weekly chart this saturday or sunday.