Saturday, December 25, 2010

GBP/USD on 25-Dec-2010

As Ayumi trader mentioned on 21-Dec-10, if GBP/USD break below 1.5450, next support will be 1.5330.
on 22-Dec-10, GBP/USD broke below 1.5450 and formed a new low 1.5354 without breaking 1.5330.

Expect this market to continue trading in small range bias up.  1st target 1.5530, 2nd target 1.5630 (going to take some time).

Resistance Ayumi looking for short: revised from 1.5680 to 1.5650, forecast: January 2011.

Related Post: GBP/USD on 21-Dec-2010

No comments:

Post a Comment