GBPUSD Classic Technical Report 07.11.2012
Prices continue to tread water above support at 1.5484, the June 28 low. A break downward initially exposes 1.5414. Alternatively, a breach above near-term resistance at 1.5555 targets the July 2 high at 1.5721.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to email@example.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.