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FX Thoughts for the Day

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 23, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    GBP-USD had a sharp upmove yesterday to a high of 1.9647, however it has already started to come off. The BIG Resistance for the pair is at 1.9683-9700, which needs to cross to indicate a change in directional view, which currently continues to be bearish. 1.9683-9700 comes on a trendline...

    complete article here...

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