Thursday, May 29, 2014

gbp/usd daily h4 analysis,some up then down

The downtrend from 1.6882 level  high is over with today's low at 1.6689 level and the intraday bias is positive, for a test of the 1.6780 level resistance zone. The outlook on the senior frames remains bearish below 1.6780 point area.


Resistance Support
intraday intraweek intraday intraweek
1.6780 1.6919 1.6689 1.6660
1.6815 1.7000 1.6560     1.6460

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