The market manipulations analysis of the GBP/USD by Alexey Portnov for February 16, 2011 2011-02-16
As expected, the pound has not advanced above the 1.6165. At the moment the price is testing this level again for supply. The forecast is the same – a decline to 1.6090, but if the price fixates above the 1.616 level the forecast is cancelled.
Trading recommendations: - Sell with a target at 1.6090