Friday, September 28, 2012

GBPUSD Still in BUY the dip mode

Looks like GBPUSD is still in BUY mode. Since Aug, every dip in GBPUSD has been supported by intense buying which has shoot up the pair from 1.55 to 1.63. But its going more parabolic and you all knows what happens when a pair rises in parabolic mode - it drops much faster....

Next resistance

comes at rising trendline. Chart Below:


GBPUSD Daily Trendline Support

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