Thursday 10 September 2009

GBP/USD Analysis

Current level- 1.6523

The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently sticking at 1.6454 and 1.5258. Still in the nonindulgent pattern beneath 1.6589 and we think, that the hold Atlantic around 1.6440 module initiate a uprise towards 1.6752 field target. Crucial remains 1.6325.

Resistance Support intraday intraweek intraday intraweek 1.6562 1.6663 1.6444 1.6111 1.6663 1.7440 1.6326 1.5350

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