Published on FXDD (http://forex.fxdd.com)
Forex Trading: GBPUSD broke through key resistance this morning
By Greg Michalowski
Created May 22 2008 - 9:19am

GBPUSD broke through the 38.2% retracement level and the 100 day MA at the 1.9759 level and surged higher this morning.  The next key target level is the 1.9879 level (50% retracement of the move lower from the March 14th highs at 203.97 ). 


Source URL: http://forex.fxdd.com/trading-news/4229/forex-trading%3A-gbpusd-broke-through-key-resistance-morning