GBPUSD Bounced of the 50 Fib..
14
May
2012
2012
The GBPUSD bounced of support at the 50 Fib at 1.6050 in early New York trading. The pair seems conformable moving up against the dollar even in a risk off environment. Resistance now begins at 1.6120 followed by 1.62. If the pair makes a measured move up into the 1.62 area I would expect seller to emerge.
Sup 1.6050
Res 1.62
