Tuesday, February 14, 2012

GBPUSD Daily and 60m Market Thought 15022012

GBPUSD remain bullish at the daily above 1.5470 check chart 2.
Short-term  view 60 minutes chart pattern remain intact last sessions descendent channel, so ping-pong taders (sell at the higher of the channel and buy at the lower band) still working chart 1.
Suspect this is only another consolidation possible sideways/down will take few sessions after that and if key suport hold expect another push up first target 1.6120 possible extension to 1.6350 to resume this move.
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EURUSD Update 15022012

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Nice reaction from the lows after test key suport level.
Above 1.2950 will expect new attack 1.3240 key resistance area and later 1.3550-1.36.
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