GBPUSD Resting at Support

31 May
2012
by in Uncategorized

The GBPUSD moved down aggressively in New York trading.  The cross flirted with the 1.55 area before crashing down towards 1.54.  Resistance is now at 1.5520 and support is at 1.54.  A confirmed break of 1.54 could lead to a test of year lows in the 1.5275/35 area.

Sup    1.55

Res    1.54     1.5275/35