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January 18th, 2009, 4:19 pm | By forexcycle | Published in Daily Technical | Comments on this post1 Comment »

GBPUSD breaks above 1.4706 key resistance, suggesting that the short term downtrend from 1.5372 has completed. Further rebound could be seen to 1.5000 zone in a couple of days. Initial support is at 1.4469, only fall below this level will signal deeper decline towards 1.4100 level.

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One Response to “GBPUSD breaks above 1.4706 key resistance”

  1. Timur Alhimenkov Says:

    Wow! Thank you very much!
    I always wanted to write in my site something like that. Can I take part of your post to my site?
    Of course, I will add backlink?

    Regards, Reader