Wednesday, August 17, 2011

Intraday GBP/USD 17.8.2011

Intraday GBP/USD: the pair stands above its support and remains on the upside. Suggests long positions above 1.6395, with 1.6480 and 1.6540 in sight. The downside breakout of 1.6395 will open the way to 1.6360 and 1.6325.

Weekly chart GBP/USD trend: Bullish

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