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Thread: Discuss the GBP/USD with a DailyFX Analyst

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#4760 (permalink)

08-05-2008, 10:40 PM

arodriguez arodriguez is offline

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Join Date: May 2007

Posts: 418

arodriguez is an unknown quantity at this point

Hi all,

I am seeing next support at 1.9400/50. In daylies I am getting indicators in oversold territory already, but no buying signal yet. 4H and 1H are giving buying signals but not momentum... It seems market wants to go to 1.94xx before bouncing... if no change in GBP rate tomorrow, this pair could be in a range for the rest of the week between current levels and 1.9650 or 1.97xx. what do you all think?

regards,

A.

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