GBP/USD Technical Analysis October 26, 2011
GBP/USD had a wide range during the Tuesday session, and ended up printing a doji for the day. The candle is right at the 1.60 level, and the 61.8% Fibonacci retrace as well.
Tag: GBPUSD
Forex-Metal Daily Analysis – 26/10/2011
The upcoming EU summit is in focus.
Forex-Metal Daily Analysis – 25/10/2011
The EC Summit is in the focus of the market. Asian and European trading sessions: Euro: During the Asian trading session the euro continued rising against the US dollar against the background of European leaders’ promises that...
GBP/USD Technical Analysis October 25, 2011
The GBP/USD pair rose on Monday, and even retested the 1.60 level. The area held as resistance during the late hours of the session, and the recent consolidation in August at this level shows that we may...
25th October, 2011 – Daily Forex Report by GFM Research
The Dollar Index is approaching important support zone of 75.40-76.00, consistent close below 75.00 would resume long-term bearishness in the USD. Though 76.00 ranges are expected to again act important support in short term; historic resistance in...
Forex Metal Weekly Newsletter
Weekly review for 17 – 21. 10, 2011
GBP/USD Analysis (October 24)
The break back above 1,5850 from friday has confirmed a bullish bounce with the market currently testing the key 1,60 resistance.
GBP/USD Technical Analysis October 24, 2011
In a surprising show of strength, the GBP/USD pair broke above the resistance area at 1.58 on Friday. The level had been keeping the market down, and as such the market popped after it gave way.
GBPUSD Analysis – October 22, 2011
GBPUSD is now in uptrend from 1.5272, and the rise extended to as high as 1.5973. Further rise is expected next week, and next target would be at 1.6300-1.6400 area. Support is at 1.5800 followed by 1.5630,...
GBP/USD Technical Analysis October 21, 2011
The GBP/USD pair fell on Thursday for the early hours of the session, only to bounce back upwards form the 1.57 level yet again. This shows just how resilient this area is as support, and that it...