GBPUSD Bullish Short-Term Signal

٢٢ أغسطس ٢٠١٢

GBPUSD breaks up 50% Fibonacci retracement, multi swing resistence level @1.5775. Good accumulation period mid-June to mid-Aug. Dynamic support @1.5550. Ok, we estimate tp @1.605 and 1.625 eventually. I think this trend is driven by USD weakness, not GBP strengthness. Stop @1.550