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Forex » Forex Dice Major Currency Pairs » GBP/USD » FX Thoughts for the day
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Old 03-14-2008, 06:48 AM
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Join Date: Mar 2008
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Lightbulb FX Thoughts for the day

GBP-USD @ 2.0352/56...Bullish Biased
R: 2.0409 / 2.0450
S: 2.0320 / 2.0280
GBP-USD has had a sharp rally during the day and further gains are likely in the pair over the next few hours as well. The immediate Resistance is likely at 2.0409, the statistically projected Max high for the day. Above that the Resistance would be expected at 2.0450.

On the downside the Supports are at 2.0320 and then at 2.0280. The bias is bullish. Buying dips could be considered.
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