Re: Short Term Technical Analysis for Majors (08:00 GMT)

teentit4n Tue Nov 02, 2010 10:11 pm

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XREDXR Fri Oct 29, 2010 2:18 pm

GBP/USD

Price has been largely confined to a falling hourly channel over the past couple of weeks. Sustained break below yesterday's low at 1.5375 would open a test of 1.5295/70, 07 Sep low/channel support, while break above 1.5476 would delay short-term weakness.

Res: 1.5476, 1.5492, 1.5532, 1.5543
Sup: 1.5358, 1.5344, 1.5336, 1.5325

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