« GBP/JPY Support Broken | Home | EUR/JPY At Crossroads »
GBP/USD Support
By Benny Nardino | April 29, 2008
Cable, GBP/USD lay siege on the corridor of 1.9676 support. The pair currently trades 1.97.17 from a trend that began in Asian Hours at 1.9890. How far will it go today? The end shall tell.
In the near term the pair is still not out of the woods yet. The falling “hot-knife” syndrome seem to be continuing, but I personally expect a bounce off 1.9676 support level. A low established from Thursday last week trading session. Considering that the pair have held it ground around this region in the last few weeks is important. I expect that to continue.
However, always remember as trading opportunities emerge many more are closing. Critical levels are chaos levels. This pair is no exception. Learn approach play with caution and you will prosper.
Have a great day of trading forex.
You enjoyed these posts right? Get your Auto Delivery Here!
Sphere: Related ContentRelated posts
Comments
You must be logged in to post a comment.
