Friday, July 03, 2009

GBP / USD 03 July 2009

GBP/USD a bearish momentum is strong enough for people. Price up in its closed at 1.6322 and 1.6391. H4 in the chart we can see that after failing to be in the area is the key 1.6660 level that the currency is resistant to the trend back down and go through trendline support.
This visible support would bearish in the near future. but for the middle period is still not clear or is still difficult to predict. bearish bias nearest will test level to 1.6420. if the trigger break should bullish momentum.


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