Forex Trading: GBPUSD Support holds at 50% of the move higher

Published on FXDD (http://forex.fxdd.com)

By Greg Michalowski

Created May 1 2008 - 9:16am

1.9764 is the midpont of the last move up. The market respected that level on the downside on the first attempt. The market is now more balanced.

Source URL: http://forex.fxdd.com/trading-news/3812/forex-trading%3A-gbpusd-support-holds-50%25-move-higher