Wednesday 8 January 2014

FOREX Technical Analysis For GBP USD Today: 9th Jan


Technical Analysis for GBP USD
Still the currency of ownership in a weak trading since yesterday against the U.S. dollar , which is dominated by uncertainty of the outcome of the FOMC today and also the results of the change in private sector jobs , and we expect the pair to decline towards levels of 1.6340 to rise again to about the levels of 1.6469 , a level of 50% retracement of the downside wave from 1.6600 but remains bullish trend is dominating the pair as long as the top line of the main trend in white at the bottom of the screen

The general trend of a medium-term : bullish
Key resistance levels : 1.6437 and 1.6469
Key support levels : 1.6372 and 1.6336


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