1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

GBPUSD runs in a rising price channel on 4-hour chart

Discussion in 'Technical Analysis' started by ForexCycle.com, Jun 2, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Joined:
    Sep 1, 2008
    Messages:
    914
    Likes Received:
    0
    GBPUSD runs in a rising price channel on 4-hour chart. As long as the support of the lower boundary of the price channel holds, uptrend could be expected to continue and one more rise to 1.4800-1.4850 area is still possible. Key support is at 1.4427, only fall below this level could indicate that the bounce from 1.4230 has completed.

    [​IMG]

    Daily Forex Forecast
     
Loading...

Share This Page