Demo Trading Account Open a Live Account Deposit Funds Account Forms FXDD Home
Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex Trading News: Focus On Key GBPUSD Level

Posted by Mr. Danish FX on Mon, 05/05/2008 - 7:17am in

A key GBPUSD level being looked at, while still about 100 PIPS away, is the 1.9590 level.  This level has not been touched since mid February but it has been closely watched as a key support for several weeks now with speculation of large stops being there.