Posted by: Babu Suresh | November 8, 2009

GBPUSD-081109

Hello friends,

GBPUSD-081109The week ended with exciting moves amidst mixed positive as well as negative sentiments and data as well. As expected USD came under pressure which further helped Pound to remain stronger.

Coming week, Pound has all the chances to test again 1.67 discounting inflation and other data to be released from UK. I would remain cautious on the long side as the up move would be with less strength than one would expect.

GBPUSD-1-081109Probable Supports: 1.6544, 1.6487, 1.6372; Resistances: 1.6687, 1.6740, 1.6829

Healthy And Wealthy Trading

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