Thursday, 4 February 2010

GBP/USD technical analysis today 2/4/2010:

Current price 1.5878. If the pair breaks below 1.5820, I will expect that pair will test another fall towards 1.5750 zone. On the other hand if the pair breaks above 1.5950 we may expect another rise towards 1.6000-1.6500.

Support:  
1.5873    1.5883    1.5890

Resistance: 
1.5907    1.5917    1.5924

* based on the one hour chart!

Current trend - STRONG SELL