Thursday, August 2, 2012

GBPUSD 20120803


Pair has formed regular bullish divergence above support line 
pair has support @1.5480 & 1.5440(strong) and resistance @1.56 & 1.5740(strong)
pair is moving in bearish channel if pair breaks bearish channel then it will turn upside targeting 1.5940 
My Overall view is bullish 
Main target is 1.64 & 1.68
If Pair break level 1.5409 then pair may find support level @1.5202





Pair is moving in triangle pattern



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