GBPUSD bounces through resistance levels as trend resumes

Written March 17, 2010 at 1:11 PM EST by  

gregmike-00879

The GBPUSD has moved up more sharply then thought after correcting 61.8 of the days range.  The move is not normal, but that is par for the course given current trading environment.  Support should now be found against the 1.5351 and then 1.5332.  A break of 1.5380 starts to look for the 1.5421 area.

gregmike-00878

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