Forex Forum

Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on January 25, 2010, 04:03:23 am

Title: FXCBS Market Expectations; GBP/USD
Post by: pranjali on January 25, 2010, 04:03:23 am
Pair sterling against the U.S. dollar has also dropped sharply during trading last week, achieving the lowest levels at 1.60770, we expect this decline will continuo this day toward the goal at 1.59250, and this expectation requires constant trading below 1.62400.

Support and Resistance

Pair              R1                R2            R3             P                S1           S2             S3
GBP/USD    1.61730    1.62400    1.63100    1.61580    1.61320    1.60590    1.59070