Tuesday, May 8, 2012

Forex Pairs to observe--Plus Charts


Gbp.Usd

The cable bounced of support levels and broke the counter trend line, signalling the end of its retracement. The bears do have the potential to retest support levels and bring the pair down once more towards 1.6150 before continuing its journey north. The bulls are currently after 1.6301 with a fib target of 1.6358. 

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