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Currency Strenght

Monday 13 December 2010

GBP 4hr Chart

£ is In an range bewtween 1.5845 and 1.5730 a break above 1.5845 we can test 1.6300 Highs
a break below Below 1.5730 1.5710 we could see price extend to 1.5550
Still this depends on on dolla index and how well or how bad it performers.
I see prices rallying on the pound to test highs middle trend line and fallin off  as the 4hrs stochastics signal is now is in  play. we have to waite and see  as bars a still blue finding bids Prices are also above the 100DMA and Middle bollinger bands so the chance of an advance is likely


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