Friday, May 9, 2008

GBPUSD

GBPUSD

The British Pound continued bouncing against the US Dollar at the 1.9500 level downwards, which is the first and apparently good support level for the currency couple today. If the negative sentiment continues, next support is expected at 1.9410, followed by 1.9330. In upward direction first resistance is expected at 1.9600, followed by 1.9720, and 1.9780.

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