|
|
|
|
| GBPUSD broke below 1.6040 support by sdotwewen 01-05-10, 08:32 PM
GBPUSD broke below 1.6040 support, suggesting that a short term cycle top has been formed at 1.6238 level on 4-hour chart. Now the fall from 1.6238 could possibly be resumption of downtrend from 1.6875 (Nov 16 high). Deeper decline towards 1.5708 (Oct 13 low) is now in favor. Key resistance is now located at 1.6238, only break above this level could indicate that the fall from 1.6875 has completed.  Daily Forex Forecast |
 Views 179
Comments 0
|
| Bookmarks |
| Article Tools | |
| Display Modes | Rate this Article |
| |
Similar Articles | ||||
| Article | Author | Forum | Replies | Last Post |
| GBPUSD broke above 1.6647 resistance | sdotwewen | Technical Analysis | 0 | 11-25-09 10:16 PM |
| GBPUSD broke above the falling trend line | sdotwewen | Technical Analysis | 0 | 10-24-09 09:29 PM |
| GBPUSD broke below 1.6113 key support | sdotwewen | Technical Analysis | 0 | 09-26-09 12:07 AM |
| Backdata for Metatrader | stevenmclachlan | Beginners Forum | 7 | 10-22-05 11:02 PM |
Linear Mode
