Support for GBPUSD
There is a confluence of supports here at this moment for the Cable. Besides a throwback to the previous resistance trendline, there is an addition of 55ma on the 4-hour chart as well as monthly and weekly pivot M2. If the 1.9600 to 2.0024 move were to qualify as a bullish wave1, the current down (potential wave2) [...]
Posted on April 22nd, 2008 by Soh Tiong Hum
Filed under: Technical Picture | No Comments »
