Wednesday, 2 January 2013

The GBP/USD pair rose and stabilized above 1.6310 levels opening the way for more upside moves. Stochastic is showing positive trading reflecting the upside intraday momentum for the pair. Trading above the mentioned level will extend the bullishness .



The pair buying around 1.6310 targeting 1.6380, and stop loss 1.6250  with four- hour closing below 1.6210.

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