GBP/USD is between strong support and resistance zones. Upside is limited by the recent highs @ 2.0220 and the 50% retracement level @ 2.0240. The downtrend will continue if the support levels 1.9990 (recent lows) and 1.9970 (previous resistnace now support) are broken.

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March 12th, 2008 at 9:49 am
[...] Minev wrote an interesting post today onHere’s a quick excerptGBP/USD is between strong support and resistance zones. Upside is limited by the recent highs @ 2.0220 and the 50% retracement level @ 2.0240. The downtrend will continue if the support levels 1.9990 (recent lows) and 1.9970 (previous … [...]
March 12th, 2008 at 10:45 am
[...] Minev wrote an interesting post today onHere’s a quick excerptGBP/USD is between strong support and resistance zones. Upside is limited by the recent highs @ 2.0220 and the 50% retracement level @ 2.0240. The downtrend will continue if the support levels 1.9990 (recent lows) and 1.9970 (previous … [...]
April 24th, 2008 at 2:50 am
2 Forex Trading
Found your blog on yahoo - thanks for the article but i still don’t get it.