GBP/USD Forecast October 8, 2012, Technical Analysis
The GBP/USD pair fell on the session Friday as the “risk off” trade came back into play. We still are very bullish of the British pound against the US dollar, and think that as long as we...
Tag: GBPUSD
Daily FX perspective October 08, 2012 – GFM Research
With most of the asset classes, especially the equities correcting, the Dollar Index appreciated of the European lows during the American session. The Greenback gained most against the Cable followed by the Aussie.
GBPUSD Analysis – October 6, 2012
GBPUSD may be forming a cycle bottom at 1.6066 on daily chart. Further rise to test 1.6309 resistance would likely be seen next week, a break above this level could signal resumption of the uptrend from 1.5393,...
Daily FX perspective October 05, 2012 – GFM Research
The Dollar Index (DX) started depreciating again after couple of days of consolidation on the event of most of the asset classes, especially the benchmark equity index of the Dow Industrials (DJIA) trading strong.
GBP/USD Forecast October 5, 2012, Technical Analysis
The GBP/USD pair initially fell during the session on Thursday, but found a ton of support at the 1.61 level. By the end of the day, we had a form a green candle, and even the test...
Daily FX perspective October 04, 2012 – GFM Research
The Greenback traded mixed against the major pairs, wherein it continued appreciating against the Cable and the Aussie; it traded flat against the Common currency and the Swiss Franc.
GBP/USD Forecast October 4, 2012, Technical Analysis
The GBP/USD pair fell during the session after initially trying to rally on Wednesday, as we start to head back down towards the 1.60 level. However, the 1.60 level looks to be very supportive, and we do...
Daily FX perspective October 03, 2012 – GFM Research
The Dollar traded flat against the major pairs of the Euro and the Cable but has appreciated by more than 100 pips against the Aussie on the event of profit taking witnessed on most of the asset...
GBP/USD Forecast October 3, 2012, Technical Analysis
The GBP/USD rose during the session on Tuesday, but gave back all of those gains in order to form a shooting star. This is the second shooting star in a row, and this of course suggests to...
GBP/USD Forecast October 1, 2012, Technical Analysis
The GBP/USD pair fell during the session on Friday as the 1.63 level continues to be a bit too resistive for this currency pair. However, we are still bullish of the British pound, and think that any...