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Author Topic: GBP/USD Weekly Outlook  (Read 1862 times)
Hemant
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« on: March 12, 2011, 05:08:04 pm »
GBP/USD Weekly Outlook

GBP/USD dropped to as low as 1.5976 last week but recovered ahead of 1.5962 cluster support (38.2% retracement of 1.5343 to 1.6343 at 1.5961). Break of 1.6076 minor resistance suggests that a temporary low is formed and turned intraday bias neutral. On the upside, note that break of 1.6343 is<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/ed3HFjIS6zI" height="1" width="1"/>

Source: GBP/USD Weekly Outlook
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