| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
GBPUSD remains in uptrend from 1.5753
Thursday, September 20, 2012 19:19
% of readers think this story is Fact. Add your two cents.
GBPUSD remains in uptrend from 1.5753, the fall from 1.6272 is treated as consolidation of the uptrend. Range trading between 1.6100 and 1.6272 would likely be seen in a couple of days. Support is at 1.6100, as long as this level holds, we’d expect uptrend to resume, and another rise towards 1.6500 is still possible after consolidation. Resistance is at 1.6272, a break above this level could signal resumption of the uptrend.
