GBPUSD Leaving the Best Fruit on the Tree
29
Nov
2012
2012
Keane Plan...Looking for a break of the cho zone between 1.60 1nd 1.6050...
Chop, Chop, Chop goes the ax. Sooner or later the tree will fall. The pair has been circling about in a narrow 50 pip trading range for the majority of the week between 1.60 and 1.6050. The cross has stuck its head out here and there but has quickly resorted back to its comfort zone. A break of the chop to the upside exposes resistance around 1.6180. A push lower targets the 50 fib once again at 1.59.
Chop Zone.....1.60/1.6050
Res 1.6050
Sup 1.60
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