Posted by: Babu Suresh | December 11, 2009

GBPUSD-11-12-09

Hello Friends,

GBPUSD-111209So far so good. Market’s muted response to BOE’s outcome is not surprising. 1.62 support has been holding well. I would expect 1.61 to test again before making any fresh attempts to surpass 1.64.

USD on the other hand has chances to come under pressure as I notice it losing momentum.

GBPUSD-1-111209My probable Supports: 1.6210, 1.6178, 1.6092; Resistances: 1.6342, 1.6409, 1.6474

Healthy And Wealthy Trading

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