FOREX EXPERT ADVISORS
"Tip 1. Gamblers go to casino. All unproved, spontaneous actions in Forex trading — are a part of pure gambling. Any attempt to trade without analysis and studying the market is equal to a game. Game is fun except when you are losing real money..."
Saturday, May 14, 2011
Monday, May 02, 2011
GBP/USD Technical Analysis
The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6090 and 1.5715.
Due to today's bank holiday in UK, no major swings are to be expected and the pair is likely to maintain its current range 1.6690-6624. Major support on the downside is 1.6580.
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