Wednesday, August 1, 2012

GBPUSD 20120801

GBPUSD is moving within a channel and Price have retraced close to fibonacci 50% level
Pair has support @1.5602 and resistance @1.5704, 1.5742, 1.5940
I feel pair has strong reversal region between 1.5625 to 1.5550
if pair breaks channel lines upside then pair resume bullish tone 
My Overall View is bullish 
Main target @1.64 &1.68



No comments:

Post a Comment