GBPUSD moves below the 1.6443 trendline. Resistance at 1.6454 now. Support at 1.6419.
Written October 20, 2009 at 9:53 AM EST by Greg Michalowski
The trendline off the August 5th high comes in a tthe 1.6443 level. The price has just dipped back below this level . The next target for the pair comes in at the the 1.6419 level which is the midpoint of the days range.
A move above the 1.6454 level (old high for today) will muddy the water for the pair. Look for sellers against this level now.
Categories: Forex Trading | Tags: GBP/USD
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