GBP/USD: Heading towards 1.6175 November high

Posted by on Dec 4, 2012

The GBP/USD extends its gains today, hovering around 1.6120 strong static resistance level, and technically bullish regardless negative UK construction PMI. The 4 hours chart, shows indicators heading back north after latest bullish run, as 20 SMA presents a strong bullish slope and approached 1.6065, the daily descendant trend line broken yesterday. Dollar is extremely weak today, and will likely continue falling, with and acceleration above 1.6130 current high pointing for a quick
468 ad

Comments are closed.