Sunday, September 8, 2013

GBPUSD Medium Term Outlook

GBPUSD has a good medium term resistance in the range of 1.5790 - 1.5820 and thus can be sold on rise. In fact selling part at 1.5750 & part at 1.5820 is recommended for a short term target of 1.4900 & medium term target of 1.4600 with a protective SL above 1.6400.