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Author Topic: GBP/USD Mid-Day Outlook  (Read 4004 times)
Hemant
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« on: March 04, 2011, 05:03:50 pm »
GBP/USD Mid-Day Outlook

Upside moment is GBP/USD remains weak. But after all, we'd still favor another rise with 1.6214 minor support intact. As discussed before, the break of 1.6276 resistance suggests that recent rally from 1.5343 is resuming. Sustained trading above 1.6276 will target 61.8% projection of 1.4230 to 1.6298 from 1.5343 at<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/MxNsOwS0qqw" height="1" width="1"/>

Source: GBP/USD Mid-Day Outlook
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