GBPUSD inches higher but remains below the days highs
Written April 21, 2009 at 8:53 AM EST by Greg Michalowski
The GBPUSD has moved higher away from the intraday support against the 100 bar MA at the 1.4552 level and the 1.4574 level, but falls short of taking out the days top at the 1.4606 (high was 1.4601). Since the range is narrow, will be watching to see if the the 1.4574 level can limit the downside correction. If it can, the intraday bias should improve with an extension higher eyed. Still quiet out there.
Categories: Forex Trading | Tags: GBP/USD
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