Thursday, October 28, 2010


I like GBP/USD and it looks interesting to me now.Would consider a short entry if it reaches 1.60 region again.

GBP/USD currently trading at 1.5930.

Current: 1.5930
Resistance: 1.6104
Current Resistance: 1.5980
Current Support: 1.5750
Support: 1.5650
Next Support: 1.5500

Prefer a short position near 1.6104 region, or choose to long for intraday trades.

I will post my trading plan tomorrow on GBP/USD as well as DJIA.

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