Posted by: Babu Suresh | December 4, 2009

GBPUSD-04-12-09

Hello friends,

GBPUSD-1-041209Yet another week, 1.67 has been a major hurdle. Today being the last day of the week with market already set to discount the upcoming data and events, I would look for 1.64 to provide first level of support.

Also, it’s noteworthy to mention there has not been any big noise from BOE for some time now, which is further helping Pound to remain in a good shape, giving excellent opportunities for traders.

GBPUSD-041209Probable Supports: 1.6471, 1.6401, 1.6348, 1.6265; Resistances: 1.6595, 1.6662, 1.6724

Healthy And Wealthy Trading

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