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Author Topic: GBP/USD Mid-Day Outlook  (Read 4398 times)
Hemant
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« on: March 02, 2011, 05:00:36 pm »
GBP/USD Mid-Day Outlook

Intraday bias in GBP/USD remains cautiously on the upside for the moment. 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 1.6621 next. On the downside, below 1.6214<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/7G7jLWT6s9Y" height="1" width="1"/>

Source: GBP/USD Mid-Day Outlook
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