GBP/USD analysis (July 20)
The Pound has found some support on top of 1,60 over the last 2 days. The pair is still well capped by its daily descending trendline but a break above 1,62 might validate a bullish resumption with...
Tag: GBPUSD
Forex-Metal Daily Analysis -19/07/2011
Concerns and expectations for the European Summit. Asian and European trading session: Euro: Euro started the week by showing losses against major currencies on concerns about the fact that European leaders were unable to agree on measures...
19th July, 2011 – Daily Forex Report by GFM Research
Quite trading session was witnessed in the FX market where in the USD remained flat by the end of New York close. It seems that the all the eyes are Euro Zone debt crisis and the US...
GBP/USD Technical Analysis for July 19, 2011
The GBP/USD pair fell on Monday as traders shed risk and rushed for safe haven assets like the USD. The pair bounced off of the 1.60 level, but appears that it will attempt to finish near it...
GBP/USD analysis (July 19)
The Pound has been under pressure yesterday breaking below friday’s low and testing 1,60. A break below this support would expose 1,59 which is an appealing target.
Forex Metal Weekly Newsletter
New wave of concerns over the possible debt crises of Italy and Ireland overwhelmed the market
18th July, 2011 – Daily Forex Report by GFM Research
The US Dollar traded mixed against most of the majors, wherein it continued appreciating against the Aussie Dollar and traded flat against other majors of the Euro, the Cable and the Japanese YenKey equity index, Dow Jones...
GBP/USD analysis (July 17)
The picture on the Pound is slightly different from the Euro. After a bounce on its lower bollinger band, the GBP/USD has made an impressive rally (in one day precisely) to reach the 1,62 level.
GBPUSD Analysis – July 17, 2011
GBPUSD had formed a cycle bottom at 1.5781 on daily chart. Further rise could be seen in a couple of weeks, and target would be at 1.6500-1.6600 area. Key support is at 1.5781, only break below this...
GBP/USD Technical Analysis for July 15, 2011
The GBP/USD fell on Thursday, but just barely. We still think this pair is bearish, and like the idea of selling rallies. However – we have no bearish candles to work with at the moment, so we...