GBP/USD Forecast August 29, 2012, Technical Analysis
The GBP/USD pair had a fairly wild session on Tuesday as the market when both up and down in order to finish slightly higher. The candle looks a bit like a hammer, but not convincingly sell.
Tag: GBPUSD
29-Aug: Daily FX perspective – GFM Research
The US Dollar slipped of yesterday’s European session highs to close weak, 81.00-81.20 is posting as support; daily close below 81.00 would lead to further depreciation in the USD across the board. Yesterday the benchmark equity index...
GBP/USD: important support level
Cable has reached a critical support level. It has fallen back down to the upper boundary of the triangle out of which it broke several days ago. The 100-day MA is at the same level also offering...
GBP/USD Forecast August 28, 2012, Technical Analysis
The GBP/USD pair attempted to rally during the Monday session, but fell off and managed to break down well below the 1.58 level. This is a very bearish sign as the day is closing out the session...
28-Aug: Daily FX perspective – GFM Research
The US Dollar is trading flat after finding support at 81.20 with 82.00-82.30 being interim resistances. Further weakening of the Greenback is expected only on daily close below 81.00 ranges.
GBP/USD Forecast August 27, 2012, Technical Analysis
The GBP/USD pair fell heavily on Friday as the market retested the 1.58 level for support. Looking at this chart, it is a bit concerning that the pair closed at the absolute lows for the session.
27-Aug-2012: FX perspective by GFM Research
The US Dollar after correcting from 84.20 ranges since couple of weeks is currently trading flat after finding support at the interim support of 81.20 ranges. Further weakening of the Greenback is expected only on daily close...
GBPUSD Analysis – August 25, 2012
GBPUSD breaks above 1.5776 resistance and reaches as high as 1.5911, suggesting that the uptrend from 1.5268 has resumed. Further rise is still possible next week, and next target would be at the upper line of the...
GBP/USD Forecast August 24, 2012, Technical Analysis
The GBP/USD pair attempted to continue higher on Thursday, but got old back instead in order to form a hammer. This hammer is essentially anchored at the 1.59 level, and as such it looks like we may...
GBP/USD Forecast August 23, 2012, Technical Analysis
The GBP/USD pair had an extremely bullish session today as the 1.58 level finally gave way. We have now broken down, and should see much higher prices. In fact, we are aiming for the 1.63 level and...