the cable anaysis 12/2/2014

mohmed-tarek

Trader
Apr 11, 2013
46
1
22
cairo
borsaforex.com
GBPUSD's upward movement from 1.6252 extended to as high as 1.6487. Further rise could be expected after a minor consolidation, and next target would be at 1.6600 area. Support is at 1.6340, only break below this level could trigger another fall to 1.6150 zone.

so the price till now in uptrend direction
as the support 16430 hold to target 16666 important resistance