November 11, 2009 3:10 AM
GBP/USD Outlook
By yamashita
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0Greetings.
Pulling up the GBP/USD, we're hovering right around a major price point at 1.6841 - which is the 50% Fibo line off the longer term down trend daily chart.
Look for potentially more bullish movement on this currency pair.
If the pair breaks the 1.6841 and moves away from that level, then look for a potential shorter term target price of 1.6871.
For those countries observing holidays today, we hope everyone has a restful day off as market are closed. Pro Pipper Trading also wants to wish everyone in the U.S. a happy Veteran's Day.
Lastly, if you haven't taken a look at the Currency Cowboy Trade Sheet, you're missing out. Visit www.ProPipper.com for more information on how the trade sheet can help your trading.
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