GBP/USD Analysis (August 9)
As long as 1,6220 is not broken, we will consider a possible bullish resumption after a 38% retracement of the recent rally started in July 12.
Tag: GBPUSD
Forex Metal Weekly Newsletter
Market review for 1 – 5.08, 2011
GBP/USD Analysis (August 7)
The pair has probably confirmed the end of a 38% retracement of its recent rally which opens the door to the weekly upper bollinger band (1,6650).
GBP/USD Technical Analysis August 8, 2011
The GBP/USD pair rose on Friday, as the Non-Farm Payroll numbers came out with an addition of 117,000 jobs in July.
GBPUSD Analysis – August 6, 2011
GBPUSD remains in uptrend from 1.5781, the fall from 1.6475 is treated as consolidation of uptrend. As long as 1.6223 support holds, uptrend could be expected to continue, and next target would be at 1.6600-1.6700 area. On...
5th August, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed amidst huge sell in most of the asset classes; after the intervention in the Swiss Franc, BoJ has intervened to weaken the Japanese Yen. The Dollar Index again took support in the...
GBP/USD Technical Analysis for August 5, 2011
GBP/USD fell precipitously on Thursday as traders found nothing but a wall of fear out there. The markets have turned decidedly bearish, and the Dollar is a bastion of safe haven trading. The jobs report us due...
GBP/USD Analysis (August 5)
The pair has been under pressure after BoE rate decision and we did see the market reaching the daily moving average to draw about 38% of the previous rally started in July 12.
4th August, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed wherein it has depreciated against the Euro and the Cable but has appreciated against the Swiss Franc, the Aussie Dollar and the Japanese Yen. Fierce intervention was seen by the BoJ to...
GBP/USD Analysis (August 4)
As expected, we did see the Cable resuming its uptrend after a 38% retracement of the previous rally started in July 12.