Friday, January 22, 2010
GBPUSD seems done with selling for the time being
GBPUSD took a sharp dip and touched its target at 1.6150 and it seems that it has completed its current downwards move and it might look for a sharp retracement towards 1.6300 level and if it manages to break that level, then GBPUSD will be targeting 1.6470 level.
On the lower side, if GBPUSD straight away resumes its downward trend then we might see GBPUSD heading to 1.6000 level and this dip might extend as much as towards 1.5800 level.
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