Forex Update: GBPUSD tests upper end of the intraday moving average resistance.

Forex Update: GBPUSD tests upper end of the intraday moving average resistance.

The GBPUSD has extended back to the up side resistance against the 200 bar MA on the 5 minute chart. The MA comes in at the 1.6339. The high reached 1.6344. Expect some profit taking against the level. …

Last Updated ( Friday, 17 July 2009 21:47 )

Date	EUR/ USD Pips	GBP/ USD Pips	USD/ CHF Pips
30th jan	-21	+46	++
31th Jan	+85	+20	+79
1st Feb	-20	+41	-23
2nd Feb	+106	+71	+82
3rd Feb	+14	++	++