Sunday, December 10, 2006

GBPUSD 12-10-06

12-10-06

GBPUSD

There was no trade Friday in the GBPUSD. It looks like the 1.9521 area is acting as a trading range bottom for now. On the 240 minute chart, the next area of breakout support is at 1.9485. The first area of supply to worry about is 1.9561. I will wait for the range to be established on Sunday and Monday before I trade the GBPUSD.

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