Monday, August 20, 2012

Gbpusd is symmetrical triangle

GBPUSD is in symmetrical triangle
it is in rangebound  and hovering between fibonacci level 23.6 &61.8
if pair breaks upside above 1.5720 then pair may test 1.5740 & 1.59 

alternate view if pair breaks downside below 1.5680 then pair will be short term downside

resistance @1.5742 and support@1..5680


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