GBPUSD Breaks the .618 Fib
2012
The GBPUSD continued its steady march higher. The cross has moved up over 450 pips since the beginning of August. NFP could add a bit of fireworks into the end of the week. A strong number could help the dollar catch bid erasing some of the gains from today's push higher. Support currently rests at the .618 fib at 1.5904 and the ascending trend line at 1.5850. A weak to in line number could lead to a continued push higher towards 1.6050.
Sup 1.5904 1.5782
Res 1.5908 1.6050
Keane Plan.... A better than expected NFP could negate Thursdays Rise. Weaker or inline could lead to a push higher.
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