GBP/USD July 28, 2010
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GBP/USD
July 28, 2010
Current Price: 1.5595
Major Resistance Levels: 1.5390, 1.5430, 1.5590, 1.5820, 1.6050
Major Support Levels: 1.5270, 1.5035, 1.4905, 1.4650, 1.4490
Trade Plan: With a stop and reversal order placed at our previous short entry, a long entry was executed in the pair at a break above 1.5471. Our initial stop is at 1.5279 and our first target will be 1.5775.
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DISCLAIMER: This is a qualified estimation of the Market situation, which can prove, and has sometimes proven, to be incorrect. Trading in instruments involves high risk. Do not invest money that you cannot afford to lose. It is your money at risk, you must always invest it with prudence.
August 3, 2010 - 6:53 pm
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