$GPBUSD breaks lower. Back below 1.6600.
Written November 23, 2009 at 1:18 PM EST by Greg Michalowski
The GBPUSD has moved back below the 1.6600 level after flirting with the support off the 100 bar MA on the 5 minute chart (see earlier post by clicking here). The next target suport comes in against the 1.6675-80 area where the 200 bar MA and the 38.2% retracement is found. Above, the 100 bar MA should contain at the 1.6617 level. Look for buyers on dips toward support.
Categories: Forex Trading | Tags: GBP/USD
Loading ...
No Responses to “$GPBUSD breaks lower. Back below 1.6600.”
Add a comment