Week 14 0f 2010 (Apr 05 – Apr 09)

GBPUSD

GBPUSD is currently at a very important level and break of 1.5322 will set 1.5700 as next target. But before doing so we might see GBPUSD tested around 1.5300 level and might see a few dips towards 1.5130 level. Break-out traders will certainly be looking at 1.5330 level and if GBPUSD manages to break that, then there will a good trade for them to target for 1.5700 level. Conservative traders might hold back till GBPUSD settles in any side.















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