|
GBP/USD - May 20, 2011: Test Back to Level 1.6256 |
|
Friday, 20 May 2011 04:42 |
|
Yesterday: Open 1.6171 High 1.6245 Low 1.6132 Close 1.6230
Entering the early American trading session yesterday, Steling currency movements had a bullish about 100 pips up to the highest level daily at 1.6245.
Currently, Sterling has seen the movement towards a bearish trend line its diagonal.
There is no focus on economic data today for Sterling.
When prices rise continuously then opened up opportunities to the level of 1.6256 and 1.6312.
We recommend that if the decline continues and the trend line diagonally across the open opportunities to the 1.6106 level.
Prices shown on the graph H1 MA05 and MA10 line will intersect.
While the Stochastic Indicator is indicating a bearish opportunities limited.
|
Comments
RSS feed for comments to this post