Monday, December 6, 2010

GBP-USD Technical Analysis - 06 December 2010

The cable pair is poised to move up higher to 61.8% Fibonacci line if there is no interference from the daily economic data from the UK and Euro zone. This expectation also backed by MACD and Stochastic in the 4 Hourly time frame that is still moving inline upside direction. See candlestick chart below

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