Marketiva Forex Trading - Will GBP/USD continue its bulliness?

posted by khairulazmi.com on 27th, 2007


1.9663(yesterday high) is now a good resistance point to look at.Yesterday Cable was in a tight ranging between 1.9600 to 1.9660.In the early week,with less market indicator traders seem struggle to find a clear direction.

Market still choppy in the early trading today.

My chart show today pivot point at 1.9633 with the 1st support at 1.9607 and resistance 1.9660.Again,1.9660 is one of the strongest resistance for intraday and 1.9600 seem to be the good support for the day.

Tonight we will see a violate market due to release of US few important indicators.One is US Core Durable Goods Orders m/m (9:30pm GMT +8) and USD Existing Home Sales at 11:00pm.

Regards,

Khairul

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