For those who are trading the GBP related currency pairs, please take note that GBP/USD seems to be testing the 1.7000 mark.
On Tuesday 04 August 2009 (our local time), GBP/USD breached this benchmark twice and rebound back to 1.6900 region. Furthermore, it has been hovering up and down between 1.69 and 1.70.
As 1.7000 seems to be a strong resistance line, so please take note that any technical indicators may not work as well.
Elsewhere, GBP/JPY is testing the 162.00 level too!
For those who are trading the GBP related currency pairs, please take note that GBP/USD seems to be testing the 1.7000 mark.
On Tuesday 04 August 2009 (our local time), GBP/USD breached this benchmark twice and rebound back to 1.6900 region. Furthermore, it has been hovering up and down between 1.69 and 1.70.
As 1.7000 seems to be a strong resistance line, so please take note that any technical indicators may not work as well.
Elsewhere, GBP/JPY is testing the 162.00 level too!
