Wednesday, February 9, 2011

GBPUSD had come to the lower rising trendline


 GBPUSD break below and had come to the lower rising trendline and nearing support area of 1.6000. The resistance area is limited by the descending red trendline. 


GBPUSD show a bearish cndle with long shadow at both sides. The downside target is at 1.5890 and upside target is 1.6250.



By The Backyard Burner

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Fear of failure

Fear of failure