Monday, May 16, 2011

GBP/USD to Break out of Narrow Range in the NY Session



The 1H chart of the GBP/USD shows the market in a tight range to start the week. After finding support at 1.6150, the market also found resistance near 1.6220. The near-term pivot above that is the 1.6240-1.6250 area. The market should start picking up in the NY session for a breakout

Source: ActionForexall Rss Feed

No comments:

Post a Comment