GBPUSD Analysis – July 23, 2011
GBPUSD formed a cycle bottom at 1.5781 on daily chart, and the rise extended to as high as 1.6338. further rise is still possible next week, and next target would be at 1.6500-1.6600 area. Support is at...
Tag: GBPUSD
22nd July, 2011 – Daily Forex Report by GFM Research
The USD depreciated for the second trading session against the Euro, the Cable and the Aussie Dollar whereas traded flat against the Japanese Yen and the Swiss Franc. It seems that the all the eyes are Euro...
Forex-Metal Daily Analysis -21/07/2011
European Summit expectations increase the demand for the high-risk assets.
GBP/USD analysis (July 22)
The Cable has confirmed a bullish structure by breaking above 1,62 with a strong momentum. Next immediate target comes in at 1,64 but we might see the pair rallying towards 1,66 (daily bollinger band).
21st July, 2011 – Daily Forex Report by GFM Research
The USD depreciated homogeneously against most of the majors, though it has traded flat against the Japanese Yen and the Aussie Dollar. It seems that the all the eyes are Euro Zone debt crisis and the US...
GBP/USD analysis (July 21)
The momentum is still bullish on the Pound after the bounce we saw on top of 1,60 in the beginning of the week. A break above 1,62 would validate a bullish resumption with a next target at...
GBP/USD Technical Analysis for July 20, 2011
The GBP/USD pair rose on Tuesday, but looked oddly weak in the later part of the session. In fact, at the time of this writing, it appears that the pair is only going to be slightly changed...
20th July, 2011 – Daily Forex Report by GFM Research
The USD mixed wherein it has traded flat against the Euro and the Cable and lost ground against the Aussie Dollar where as the Swiss Franc posted gains against the Greenback. It seems that the all the...
GBP/USD analysis (July 20)
The Pound has found some support on top of 1,60 over the last 2 days. The pair is still well capped by its daily descending trendline but a break above 1,62 might validate a bullish resumption with...
Forex-Metal Daily Analysis -19/07/2011
Concerns and expectations for the European Summit. Asian and European trading session: Euro: Euro started the week by showing losses against major currencies on concerns about the fact that European leaders were unable to agree on measures...