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Gbp/Usd still bullish

Posted on June 11, 2009 at 11:55 in Short-Term Analysis by Valeria Bednarik

Gbp/Usd is still quite bullish and moving in an ascendant channel, thus indicators seem a bit exhausted to the upside in 4 hours charts. capped by 1.6500, clear break above that level is needed to see the pair gain upside momentum, with next resistances at 1.6547 and 1.6610. To the downside, supports will lie at 1.6400, and 1.6365 zone, base of the ascendant channel. Break under that line, could accelerate sells in the pair with next important support zone around 1.3290.

Tags: gbpusd

2 Responses to “Gbp/Usd still bullish”

on 11 Jun 2009 at 12:18 pm1Tarun

hi valeria, hope you doing good !! when can we expect a trend change in gbp/usd ? and what do you think about weekend move for tomorrow can gbp/usd cut previous high 1.6670 ?
on 11 Jun 2009 at 12:53 pm2Valeria Bednarik

Hi Tarum, tks! I believe long term first signal of a bearish trend for Gbp will come under 1.5770 zone. Above 1.6530, I expect yes a retest of the highs.
Regards
Val

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