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Forex

$GBPUSD . Poise for a rebound?

$GBPUSD rebound

$GBPUSD Ichimoku chart is showing a possible rebound for the forex pair.

On the Ichimoku Daily Chart, it is showing possible support at around 1.5827 with previous Chikou Span support.

On top of that, GBP/USD has extended away from the Tenkan sen and it is likely to revert to ‘the mean’.

 

Categories
Forex

EUR/USD : Next Support as of May 19, 2010

Next support is at 1.1789

If it breaks, the target is 1.0975