GBP/USD broke the resistance at the 89-DMA and now is capped by the 55-DMA as shown on the 4-hour chart.The pound is trading at the top of the current channel structure and I'm holding short at 1.6332 with a view that unless we break higher than the recent 1.64 top we are about to correct some 200 pips lower to meet the lower channel range.
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_xx_usoz_4.gif)
0 comments:
Post a Comment