Archived IMT (2008.11.18)

by Ashraf Laidi

Nov 18, 2008 1:02

GBPUSD failed to breach above the $1.5060 resistance stated in today's earlier Intraday Thoughts as the bears once again had the last word in equities. From a TECHNICAL STAND POINT, the Williams % R momentum indicator on the 2-hour chart is showing evident mean-reversion trade, topping out at -25%...Rest of Analysis Available to SUBSCRIBERS OF INTRADAY THOUGHS.

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