Strong support is now at 1.6300 with resistances at 1.6331 and 1.6390. A break of 1.64 could lead to 1.6600.
Trade safe!!
Tuesday, April 5, 2011
Update on GBPUSD
Attached is the updated chart for the pound. The pound broke through major resistance at 1.6300 yesterday. As seen from my previous article, i was not expecting this break to happen so soon. But the fact that it has happened shows that the pound could turn out to be a raging bull over the next few days. With few more news releases being lined up for the pound today, we could see more upside.
Strong support is now at 1.6300 with resistances at 1.6331 and 1.6390. A break of 1.64 could lead to 1.6600.
Trade safe!!
Strong support is now at 1.6300 with resistances at 1.6331 and 1.6390. A break of 1.64 could lead to 1.6600.
Trade safe!!
