Tuesday, June 8, 2010

Fxpro Info

GBP/USD
Stages a corrective recovery off Monday's low at 1.4391, and while support at 1.4460 holds, there is room for a return to the 1.4563 high. However, the June 2 reaction high at 1.4771 is likely to become a significant high, and is part of a solid resistance cluster, so upside scope look limited at this stage. Loss of 1.4460 would put near-term bears back in control and bring the focus back onto the 1.4391 low.

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