Thursday, July 21, 2011

21 July Market Gauge - GBP/USD, Asian Session

GU is in range trading moving around 1.6000 - 1.6200.

Latest Resistance is around 1.6165/66 and Support at 1.6066

For breakout, please consider to let the price break 1.6200 (Long) or 1.6000 (Short)

Overall trend for now is ranging.

For range trade, it seem like price hit resistance and going down, consider short until it reach 1.6050.

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