Posted by: Babu Suresh | January 14, 2010

GBPUSD-14-01-2010

Hello Friends,

GBPUSD-14012010After a promising start by the end of the year, Pound looked totally directionless and uncertain whether to follow USD or the health of the British Economy; as a blessing in disguise the preliminary GDP and other data showed signs of improvement. While my second support posted on 6th instant stood well, I expect 1.6355 to pose a considerable resistance.

GBPUSD-1-14012010I would exercise caution at these levels to go long as I see signs of fatigue setting in.

My Probable Supports: 1.6240, 1.6174, 1.6121; Resistances: 1.6354, 1.6376, 1.6409

Healthy And Wealthy Trading

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