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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Sunday, October 10, 2010

GBP/USD , TO retest 1.7000 NEAR-TERM ??

Technically,GBP/USD is Bullish near term, heading toward the Strong Resistance at 1.6022 on the Daily Chart.

If the resistance at 1.6022 is breached, on the WEEKLY Chart,  then next target will be 1.6250(23.6 %  Fibo),  Follows by 1.6870 (0.00%  Fibo ), All indicators are pointing Bullishness  for this currency pair.


Daily Chart on GBP/USD , showing its strong resistance near 1.6022



Weekly Chart on GBP/USD, showing the multiple trend lines with possible lift towards 1.7000



Weekly Chart on GBP/USD, showing its various Fibo Resistance/Supports

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