FX.co ★ GBP/USD Technical Analysis. Support And Resistance Levels For October 05, 2010

Market Profile level for Intraday trading :

1.5841 (Oct 4)

1.5830 (Oct 1)

1.5804 (Sept 28)

1.5801 (Sept 29)

1.5718 (Sept 30)

Cable is still in a narrow trading range between the balance areas 1.5841 (Oct 4) and 1.5801 (Sept 29). However, cable is an uptrend movement on the daily timeframes and it seems this pair will be in a tight range between the balance areas 1.5841-1.5801. If this pair closes above the level 1.5844 then it might reach 1.5872 level; but be ready if the RSI Indicators indicates in an overbought area.