GBPUSD At Trend Line Support

11 Jul
2012
by in Uncategorized

The GBPUSD broke higher in Asia today to test daily price support at 1.5575.  The pair then made a hasty retreat in North American trading.  The ascending trend line has capped declines for the last week and the pair seems content to drift ahead of data next week.

Sup           1.5490                   1.5460

Res           1.5575

Plan:   Range trading

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