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FX.co ★ GBP/USD. Weekly Analysis, For February 2, 2011

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Forex Analysis:::2011-02-02T15:50:27

GBP/USD. Weekly Analysis, For February 2, 2011

GBP/USD. Weekly Analysis, For February 2, 2011

GBP/USD

For GBP / USD the Significant Levels are:

1.6477 1.6299, 1.6106, 1.5998,1.5912 and 15825,


The upward movement is expected after the breach of the last maximum of 1.6230 in this case the partial objective is 1.6480 and as our final objective we find the monthly resistance 1.6890

A downward correction is possible after drilling the 1.6130 level, our goal potential is in support number1 monthly 1.5820.


Trading recommendation:

Buy: 1.6255 Take profit: 1.6480 and 1.6890

Sell: 1.6130 Take profit: 1.5820

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