GBPUSD Down she goes..

15 May
2012
by in Uncategorized

 

The GBPUSD pushed lower with risk today.  The cross is now resting on trend support in the 1.60 area.  Daily price support rest just below at 1.5980.  These two level create a strong support zone in the 1.60/1.5980 area.   Resistance rest above at 1.6050.  In early European trading watch for the release of GBP Jobless Claims and Inflation Report.

Sup      1.60/1.5980

Res       1.6050