Thursday, May 10, 2012

GBP/USD Daily Technical Analysis 5/11/2012

Technical points Supports / Resistances
Key point       1.6155
Entry point    1.6128
Elliott              1.6067
Closing           1.6146
Projection      1.6199
Trendline        1.6092
Trendline        1.6117
Res 2           1.6230
Ex-High        1.6182
Res 1           1.6188
Pivot           1.6140
Sup 1          1.6098
Ex-Low        1.6092
Sup 2          1.6050
Elliott: irregular flat correction up 1.6230It looks set for gains to 1.6188. Supports at 1.6119 and 1.6098. A break of 1.6050 will damage this bullish structure.

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