Wednesday, November 26, 2008

GBP Technical View


GBP currently trading at 1.5305. On long term monthly charts it is still holding trendline support, if it succeeds in closing ablove this line on monthly chart then there will be very good upside initially upto 1.70 - 1.71 otherwise there will be downside upto 1.33 - 1.34, my recommendation is to buy here and wait for a monthly close for a clearer trend and take profit around 1.70

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