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Home » Forex » Forex Trading: Gbp/Usd Trades Above 1.5025-30 Resistance
Greg Michalowski

Forex Trading: Gbp/Usd Trades Above 1.5025-30 Resistance


By Greg Michalowski on March 11, 2010 | More Posts By Greg Michalowski | Forex News By FXDD

Gbp/Usd has broken above the 1.5025-30 level where its 100 & 200 hour M/A’s lie. As stated in an earlier post the pair swiftly traded up to 1.5065-70 area where it met more resistance in the form of the 61.8% fibo at 1.5070. The longer the pair stays above 1.5030 the better chance we have of a breakout to the upside.

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