29 Aug - GBPUSD - Down
The Asian market as predicted, closed in the red. So are the European market. Wall Street after Feb FOMC meeting, plunged more than 280points.
Now with every banks taking stocks of their impact of the sub-prime woes and Feb refusal to confirm interest rate cut, I liken that for today, we will see more reds.
Using a daily chart, GBPUSD broke pass EMA55 and EMA100. It too sailed pass the support line as predicted yesterday at 2.0050. I expect the price to hit towards EMA200 with the first support line at 1.9916 and 1.9852. This is calculated using Fib Retracement from the last climb.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment