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GBPUSD Analysis-May 31,2011 |
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Tuesday, 31 May 2011 02:27 |
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Forex GBP / USD Intraday Analysis - May 31, 2011: Testing Level 1.6627
Yesterday: Open 1.6487 High 1.6497 Low 1.6451 Close 1.6478
All day yesterday, the movement of Sterling in flat conditions given in the American market is on vacation.
Currently, Sterling looks bullish movement.
There is no focus on economic data today for Sterling.
When prices rise continuously then open the opportunity to level 1.6627.
We recommend that if the decline continues and the trend line diagonally across the open opportunities to the 1.6367 level.
Prices shown on the graph H1 line MA05 and MA10 in bullish conditions.
While the Stochastic indicator indicates there is still bullish for not falling because already in overbought conditions.
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