Posted by: Babu Suresh | December 8, 2009

GBPUSD-08-12-09

Hello Friends,

Good to see you all.

GBPUSD-1-0812091.6278, my last support mentioned in my previous post made on 6th instance is holding well. I would exercise caution on the Short side as I notice the last leg of the fall has been without any strength. However, in the event of any abnormal rise would again lead to testing 1.62 levels before the BOE result on Thursday, the 10th instance.

Contrary to the expectation, USD is holding well with USD Index facing stiff resistance at 76.

GBPUSD-081209My probable Supports: 1.6217, 1.6155, 1.6095; Resistances: 1.6345, 1.6421, 1.6496

Healthy And Wealthy Trading

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