GBPUSD Analysis – December 8, 2012
GBPUSD had formed a cycle top at 1.6130 on daily chart. Further decline would likely be seen next week, and next target would be at 1.5900 area. Resistance is now at 1.6130, only break above this level...
Tag: GBPUSD
GBP/USD Forecast December 7, 2012, Technical Analysis
The GBP/USD pair initially rose during the session on Thursday, but found the 1.61 level far too resistive to overcome, and as a result we formed a fairly negative looking shooting star shaped candle. However, we had...
Daily FX Perspective December 07, 2012 – GFM Research
Market CommentaryAfter trading consistently at the short term support of 79.70 ranges for couple of days, the Dollar Index found support at 79.70 to appreciate to 80.25 ranges. Historic inverse correlation between our benchmark equity index of...
GBP/USD Forecast December 6, 2012, Technical Analysis
The British pound trying to gain on the US dollar during the session on Wednesday, but as you can see by the daily chart we formed a second shooting star in a row. It does look like...
Daily FX Perspective December 06, 2012 – GFM Research
Market CommentaryThe Dollar Index is trading stable near the short-term support of 80.00 ranges. Only daily close below 79.00 ranges results in medium term Dollar weakness would continue though the long term Dollar bearishness is intact.
GBP/USD Forecast December 5, 2012, Technical Analysis
The GBP/USD pair attempted to rally during the Tuesday session, but pulled back and formed a shooting star at the 1.61 level. While we do see this as a potential resistance area, we think this will simply...
Daily FX Perspective December 05, 2012 – GFM Research
Market CommentaryThe US Dollar depreciated across the board; the Common currency, the Cable continued to appreciated against the USD; the Aussie depreciated but the short term range bound trend remained intact with 1.0480 ranges still acting as...
GBP/USD Forecast December 4, 2012, Technical Analysis
The GBP/USD pair had a strong showing on Monday, as the 1.6050 level got broken to the upside. This shows that the hammer that we formed during the Wednesday session of last week was no fluke and...
Daily FX Perspective December 04, 2012 – GFM Research
Market CommentaryThe Dollar Index is trading tight near the short term support of 80.00 ranges; it is currently trading at 79.90 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
Daily FX Perspective December 03, 2012 – GFM Research
Market CommentaryThe US Dollar traded mixed bag wherein it has lost against the Euro, the Swiss France but gained against the Aussie and the Japanese Yen.