GBP/USD : Critical Point 1.5566

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TFC Commodity Trading Forum

Hong Kong Qindex 09:49 GMT January 9, 2011
GBP/USD : Critical Point 1.5566 : Reply
GBPUSD
Entry: Target: Stop:

GBP/USD : Critical Point 1.5566

Last week the market hit the low and high at 1.5410 and 1.5645 respectively and it closed at 1.5556. The monthly cycle directional indicator suggests that the market is under pressure when it is below 1.5315. The pattern of the monthly cycle charts suggest that the market has a tendency to trade within 1.4859 - 1.5566.

GBP/USD : Monthly Cycle Charts
http://www.qindex.com/gbp.html

GBP/USD : Monthly Cycle Charts

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