Written by Admin Fx | 27 January 2012

Gbp/Usd, as high as 1.5737 today, we were looking to break and stay above 1.5722 for reversal, we broke 1.5722 but did not stay above, now at 1.5670, support at 1.5659, 1.5630 to 1.5615. As we stated in the last post analysis the area between 1.5690 to 1.5722 very strong, the currency played the Yo Yo game as usual around this area for good time and finally broke through it. In order for the upside move to continue, Gbp/Usd must stay above 1.5722, other wise no chance. For support and resistance look at the previous post below.4 charts attached with pivot points, 4H, 8H, Daily, Weekly.

Written by Admin Fx | 26 January 2012

Gbp/Usd, today it reached as high as 1.5677, in our last analysis we had 1.5615 and 1.5673 are one of the areas to watch, now we are right there we have to focus on the next levels which will provided a battle between the bulls and the bears, the area between 1.5690 to 1.5722 is a battle, strong support and resistance in this area, but as we see it if we break above 1.5722 we should focus on an uptrend, the momentum will shift to the upside again. let us outline support and resistance levels.

• Resistance 1.5677, 1.5706, 1.5722 and 1.5768-1.5796
• Support 1.5645, 1.5630 , 1.5615 and 1.5596-1.5550

Written by Admin Fx | 24 January 2012

Gbp/Usd, as high as 1.5601 now at 1.5562 as of this writing, as we outlined yesterday the area of 1.5706 is very important to hold this up move if we are going to see the bear take control, above 1.5706-1.5722 we have to think reversal of the the bearish trend, bear losing control and the bulls are driving now, you can join or stay in the sideline if you not sure.