Update Time: 26 Jan 2011 07:31GMT INTRA-DAY GBP/USD OUTLOOK – +1.5780+ Despite cable’s brief bounce to 1.5838, current retreat after faltering below 1.5839 (prev. sup, now res) suggests recovery fm y’day’s low of 1.5750has possibly ended there...
Greetings. Just wanted to do a quick update on the GBP/JPY. We mentioned how Fibonacci retracement levels are important and look just where the currency is straddling – the 38.2% Fibo level.
Market Review – 25/01/2011 23:04 GMT Sterling tumbles after a shock contraction in the UK economy The British pound tumbled from Asian high of 1.6018 to 1.5750 after the release of much weaker-than-expected U.K. Q4 GDP data...
Collapse of the political coalition of Ireland supported the greenback. Asian and European trading sessions:
TODAY TECHNICAL LEVEL : Breakout Buy level : 1.3712.Strong Resistance : 1.3703.Original Resistance : 1.3689.Inner Sell Area : 1.3675.Target Inner Area : 1.3639.Inner Buy Area : 1.3603.Original Support : 1.3589.Strong Support : 1.3575.Breakout Sell level : 1.3566.
Hello. Let’s take a look at the USD/CHF hourly chart. The overall (longer) term appears to be down and we may see more potential downward movement in the shorter term.
The euro held near a two-month high against the USD during the Asian trading session on Tuesday, with $1.37 firmly in its sight as the market showed only the barest signs of fatigue after a 6% rally...
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On Friday, January 21, the market profile for the British pound formed a trend day. We can see the pound declining to the key support levels in the beginning of the day. These levels worked as a...
This week the EUR/GBP pair is trading up this week after a slight rollback. As mentioned before, successful breakout of the support level near 0.8430-0.8450 targeted the pair to 0.8143.The view on the currency pair remains bearish...
