Week 32 of 2010 (Aug 02 – Aug 06)

GBPUSD

GBPUSD is moving nicely toward 1.5750 level but it seems that it might take a dip from that level and then take some retracement to gather some momentum to break 1.5750 level. Currently, the RSI also seems a bit higher and there are high chances that it will take a dip here. The other reason for the dip that seems is that a good resistance level is present around 1.5750 level.



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