DAILY TECHNICAL OUTLOOK ON GBP/USD: May 1, 2013

DAILY TECHNICAL OUTLOOK ON GBP/USD Last Update At 01 May 2013 01:14GMT Trend Daily Chart Sideways Daily Indicators Rising 21 HR EMA 1.5524 55 HR EMA 1.5500 Trend Hourly Chart Up Hourly Indicators Bearish divergences 13 HR RSI 60 14 HR DMI +ve Daily Analysis One more rise b4 retreat Resistance 1.5690 – Feb 13 top 1.5606 – 50% r of 1.6380-1.4832 1.5570 – Y’day’s high Support 1.5518 – Y’day’s European high 1.5467 – Y’day’s low 1.5418 – Last Fri’s low . GBP/USD – 1.5537… Although the British

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DAILY TECHNICAL OUTLOOK ON GBP/USD: May 1, 2013

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