« EURUSD--FRIDAY, May 29, 2009 | Main | AUDUSD--Friday, May 29, 2009 »

GBPUSD--Friday, May 29, 2009

A pattern that finds resistance around current trading level in GBPUSD.

8 hour chart:

090529-0732-gbp8hr.gif

If the market blows through this level before the day is out, there is another pattern that would target 1.63.

4 hour chart:

090529-0732-gbp4hr.gif


Posted by Pure Guesswork on May 29, 2009 8:09 AM |

TrackBack

TrackBack URL for this entry:
http://www.pureguesswork.com/mt/mt-tb.cgi/378

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)