GBPUSD Zombie Walk

27 Nov
2012

The GBPUSD has continued to slowly drift right across the computer monitor is a tight 50 pip range.  Similar to the AUDUSD a break of the range between 1.6050 and 1.60 is need to shack the pair out of its mindless walk.  A break below 1.60 could open the cross up to a move back towards the 50 fib from the advance that started in August at 1.5903.  A break to the topside favors a move towards the past resistance zone between 1.6205/1.6180.

Sup       1.60                             1.59

Res       1.6050                          1.6180/1.6205

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