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Saturday, July 30, 2011

GBPUSD Forecast (30 Jul 2011)

 

Just a very quick post on what I’m looking at.  The GBPUSD seems to be close to a significant level around 1.6526 which is a convergence of

a) C = 1.27A
b) v = 1.618i
c) v = 0.618 (i-iii)
d) Support / Resistance Level

 

No trade entries have been created, but I think its a good level to watch.

GBPUSD_30 Jul 2011_4h