Posted by: Babu Suresh | January 3, 2010

GBPUSD-03-01-2010

Hello friends,

Wish you all a Peaceful, Healthy And Wealthy New Year.

GBPUSD-03012010Pound gave a classic start for the new year sending signals UK can still recover from her woes despite any immediate visible changes in the economic conditions. The fresh week ahead will as usual see good amount of price action, both the ways, with the usual expectations from BOE’s outcome on Thu., the Jan. 7th. I would exercise caution on the long side as I notice chances are looking good for testing 1.59 before trying to position for the Thursday’s news.

GBPUSD-1-03012010My probable Supports: 1.6084, 1.5999, 1.5907; Resistances: 1.6265, 1.6345, 1.6410

Healthy And Wealthy Trading

Healthy And Wealthy Weekend

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