| GBP/USD - Week’s Uptrend Continues to 1.60 Posted: 29 Oct 2010 08:52 AM PDT  Price action on GBP/USD (a 4-hour chart of which is shown) as of Friday (10/29/2010) has reached all the way back up to around key 1.6000 resistance after a week of general upward trending. This week's uptrend was launched off support in the 1.5650 price region, and occurs within the context of a general bullish trend. For more technical analysis on this currency pair, please click here for Friday’s (10/29/2010) Chart of the Day.
James Chen, CTA, CMT * For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
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