WEEKLY OUTLOOK

Saturday, July 31, 2010

by

Muhammad Zeeshan Ali

Week 33 of 2010 (Aug 09 – Aug 13)

GBPUSD

GBPUSD is moving nicely toward 1.6000 level but it seems that it might take a dip from that level and then take some retracement to gather some momentum to break 1.6000 level. Currently, the RSI also seems a bit higher and there are high chances that it will take a dip here. Traders will look to buy GBPUSD on dips around 1.5750 level for targets around 1.6000 level.

WEEKLY CHART:

RISK DISCLAIMER:

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