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TOPIC: USDGBP

USDGBP 25 Oct 2012 12:58 #1

  • Jackozy
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This could be OK for a scalp from short term downtrend resistance: dl.dropbox.com/u/20815047/USDGBPdaily25_10_12.gif

Only thing is that it looks like it's had a wave 4 correction to around the 38% Fib so may be due to break out and form a new high before a more substantial retrace. Currently showing an RSI breakout which lends weight to that but the day's not done yet so that may retreat.
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