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Daily Technical Outlook
Fri, Feb 3 2012, 08:02 GMTDaily Recommended Trades RSS |
Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It’s that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today’s employment figures USD Index 79.50 provides a stable barrier to the upside; sellers are probably waiting on the sideline, in case of a rally in the next
Today's GBP/USD Forecast
Fri, Feb 3 2012, 07:51 GMTToday's GBP/USD Forecast RSS |
The pair is trading along an uptrend. The uptrend may be expected to continue from support level 1.5790, which will be followed by reaching resistance level 1.5955. An downtrend will start as soon as the pair drops below support level 1.5790, which will be followed by moving down to support level 1.5665 - 1.5620. Resistances: 1.5835, 1.5955 Supports: 1.5790, 1.5620
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