GBP/USD forecast
10 May 2009
H4 graph
The pair went above key resistance level 1.5100, clearing the way of growing to resistance level 1.5500 (weekly downtrend’s higher bound). Support is now at level 1.5100. Passing of level 1.5100 was accompanied by a “diamond” trend-continuing figure formation.
Daily graph
The pair went above key resistance level 1.5100, clearing the way of growing to resistance level 1.5500 (weekly downtrend’s higher bound). Support is now at level 1.5100. Resistance is at 1.1170.
