FX.co ★ The GBP grahic analysis for January

04.01.2011 10:06 UTC/GMT +2
© 2003-2010 Alexander Sonich GBP/USD
In the morning I was not surprised to see the dollar has advanced. It has appeared to be right to have opened a GBPUSD position, and a sell position with target at 1.5120.

Asian session has pushed up several USD pairs in favor of the dollar. European session promises the extension of the dollar growth.

The GBP/USD growth will be limited.

Recommendations: sell from 1.55 to 1.5120

When reaching 1.5120 an option of decreasing to 1.47 should be considered.