Quantcast

GBPUSD breaks above trend line resistance

October 18, 2012 1:57 am  in Forex Analysis

0
  

GBPUSD breaks above the downward trend line resistance, suggesting that the downward movement from 1.6309 has completed at 1.5976 already. Further rise could be expected after a minor consolidation, and next target would be at 1.6250 area. Support is at 1.6100, as long as this level holds, the uptrend from 1.5976 will continue.

gbpusd

Daily Forex Reports

Author Info

Avatar of ForexCycle.com
ForexCycle.com
ForexCycle is a global Forex portal whose analysts bring you up to date Forex News and market analysis.

Contributor Contact, Accountability and Policies

Leave a reply

Your email address will not be published. Required fields are marked *

2012 aj lee online free wordpress
Follow

Get every new post delivered to your Inbox

Join other followers