Friday, February 23, 2007

GBP/USD update


GBP/USD reached 1.9651, and then started to bounce on the H4 "Long breakout" level. I moved south reaching 1.9617, an then it found a support on the R1 resistance which is 1.9620 today. Now, there may be sideway movement as of today, but further moving north is not yet ruled out completely. As of the time speaking the GBP/USD is 1.9632 again. So, may be it is resuming its movement north (aka bullish movement)

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