Technical Daily Analysis


$GBPUSD-
Currently the cross is @1.6024 after a strong correction and bounce. The cross has moved all the way to the .500 Fibo. A break here targets the 1.6121 with a further target at resistance @ 1.6216. A failure to break the .500 fibo today would target the double bottom @ 1.5900. We are bullish above the .500 fibo.
$GBPUSD

Source http://www.fxstreet.com/technical/analysis-reports/technical-daily-analysis/2011-11-02.html



Improve Your Trading Skills

forexforbeginners

"Simply a Must Read for Every Serious Forex Beginner"

Available at Amazon

Now also for Kindle 

get forex book