Posted by: Babu Suresh | July 5, 2009

GBPUSD-060709

Hello friends,

Hope all of you are enjoying your weekend. My best wishes to my American friends on their Independence Day and pray coming months would bring relief to their sufferings.

GBPUSD-060709Pound is still unable to decide her next course of action. Despite the fact that the last phase of the fall has been notably with less strength, I see limited scope for any huge upward movement.

My 1st support 1.6338 mentioned on 2nd of July is still holding well; there is a strong possibility for testing 1.6447.

GBPUSD-1-060709

I am leaving my Supports and Resistances as they were on 2nd of July, 09.

Healthy And Wealthy Trading

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