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Sunday, November 1, 2009

GBPUSD Analysis - Oct 31, 2009

Posted by Harmain at 8:01 AM 1 comments
GBPUSD might be forming a cycle top at 1.6692 level on daily chart, key support is now located at 1.6251, a breakdown below this level will confirm the cycle top, then another fall could be seen to test 1.5708 previous low support. However, a break above 1.6741 key resistance will indicate that the fall from 1.7042 has completed at 1.5708...
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