Monday, February 14, 2011

GBPUSD had another false breakout


The GBPUSD rally up after broke the support level. After a false breakout at the top, now there is another false breakout at the bottom. The support level is at 1.6000. The upper resistance will be the descending trendline.


GBPUSD show a bearish candle last week and now is showing a bullish candle showing the bull strength is still there. 



By The Backyard Burner

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Fear of failure

Fear of failure