Thursday, 23 July 2009

Support Resistance 23/7/09




scenario 1 : from this position (currently running 1.6513 - 16516) GU could directly drop to 1.6449 area or even to 1.6395 area. before continuing its upward movement

scenario 2 : it could retest 1.6533 - 1.6560 high... if this resistance could hold then we back to scenario 1. but if its broke (which confirmed by 1H candle closed above 16560high ) then it could move to 1.6597 - 1.6622 area

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