GBPUSD has a neutral trend at this situation and for bulls in order to get their shape back prices needs to go up around 1.6450. At the moment waiting is better action to take. (1 hour chart) by investija.com
NEWS
2009-07-03 14:47 GMT+1 Euro Zone May Retail Sales Fall More than Expected - Euro zone retail sales fell further than expected in May, data showed on Friday, dampening hopes that an improvement in consumer spending might ease the recession.
2009-07-03 14:46 GMT+1 Yen, Dollar Advance as Stock Losses Increase Demand for Safety - The yen and the dollar rose for a second day against the euro as Asian stocks fell on concern the global recession will be prolonged, spurring demand for the relative safety of the Japanese and U.S. currencies.
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