GBPUSD chart Aug 13 '09

[FibMaster]

Two very clear trading zones on this chart.

Bullish above 1.6650, bearish below 1.6550

This chart could go either way, no bias at this time due to conflicting trends in higher time-frames. Look for price to enter trading zone, then wait for confirmation of price action.

Image attached, 60 minute chart.

[FibMaster]

If you are unable to see the image/chart here, check my facebook page at
Click for FibMaster' FaceBook page. (http://www.facebook.com/people/FibMaster-Neal-Hughes/1462255073)

[Rob123]

Thanks Neal,I'll keep my eyes out .

[Raj]

If the daily closes as an engulfing candle at the 618 fib, we could break out of the old cons soon. We could look for support convergences on the 60min chart, or simply wait for the consolidation break.

:)
Happy pipping