EAFX.CO GBPUSD H1 Analytics

OnlineTrader

Active Trader
Aug 27, 2011
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GBPUSD H1 01.12.2012


The price is moving now in a downtrend. If the price returns into triangle and then breaks the level of support of 1.53000, downtrend movement will continue until the level of 1.52644. If at that time are strong news this movement can continue until the level of 1.51900. The uptrend movement can begin when price breaks a resistance level of 1.54855. Along with this level will be broken side of the triangle AB as well. In this case, the movement of the bulls can continue until the level of 1.56712.

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