April 06, 2011

The Daily Forecaster: GBPUSD

It seems I misjudged the earlier correction as part of a slower bullish structure which provoked a break above the 1.6234-64 resistances to reach above 1.63 this morning. The 1.6326-42 area should cap and trigger a correction. This should remain above the 1.6020-40 retracement support to generate another leg higher

View the original article here

No comments:

Post a Comment