Forex Trading: GBP/USD Has Trendline Resistance Approaching

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Forex Trading: GBP/USD Has Trendline Resistance Approaching

By Greg Michalowski on February 6, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The 1.4825 level in the GBP/USD will be a key level to the upside through the number in the GBP/USD. This is the trendline resistance from the daily chart. A break higher should attract stop buying in the pair. The high price today has been 1.4767.

The 1.4588 level will be watched on the downside (low for today).

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