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Monthly Archives: January 2010

GBPUSD daily analysis

Vulnerable to the downside.
Support 1: 1.6067
Support 2: 1.6000
Support 3: 1.5830
Resistance 1: 1.6234
Resistance 2: 1.6409
Resistance 3: 1.6744
Daily RSI is looking bearish. Short term and near term view looks bearish.
Critical line is at psycho level, 1.6000.
Happy trading!

Forex Weekly Analysis – 4 Jan 2010

Hope you guys find this info useful:
Support 1: 1.4216
Support 2: 1.4176
Support 3: 1.4044
Resistance 1: 1.4446
Resistance 2: 1.4479
Resistance 3: 1.4625
Weekly and monthly RSI suggesting further lower.
Its still BEARISH for me, although you might see some ups and downs along the week.