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#4729 (permalink)

08-04-2008, 01:30 PM

Terri Belkas Terri Belkas is offline

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Join Date: Jan 2007

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Quote:

Originally Posted by upadrasta

i am not so good with charts but does anyone think gbp can rally short term to 1.97 today?

At this point, in the day, I think 1.97 would be a bit much to ask for. We tend to see that the biggest moves for the majors occur in the morning of the European and US trading sessions, and any recovery from here will have a little trouble breaking above resistance at 1.9650.

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