Thursday, February 22, 2007

GBP/USD 15 minute chart


GBP/USD 15 minute chart starts to show mild retracement from the 1.9595 price. As of the time of writing the 1.9568 holds as a strong support, if it breaks, then the retracement will continu to follow untill the pivot level most likely at 1.9538.

The overall speculation is bullish for the GBP/USD, although the reason for the 100 pips spike today is still not known so far.

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