GBP/USD - Grinding higher | Forex Factory

  • GBP/USD - Grinding higher

    From migbank.com Story is in PDF Format

    GBP/USD is still bouncing from the low of its declining channel. Monitor the resistance at 1.5940 (intraday high). An hourly support is at 1.5881 (19/11/2012 low). • GBP/USD is likely moving in a long-term horizontal range. The break of the support at 1.5914 (23/10/2012 low) opens the way for a medium-term decline towards at least the support at 1.5755 (28/08/2012 low) as long as prices remain below the resistance at 1.6043 (07/11/2012 high).

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Ill-b-back
Nov 21, 2012 8:52pm
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By by 6043, I don't think we are approaching 5790 anytime soon, not this week/month
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