Reversal important close 2 or 3 candles below 1.5575
Breakout 1.55 will give us again 1.5430 possible extension to 1.5350.
Last swing high weekly 1.5522. Let see if bearish can close this week below that number.
For now bulls control.
Overbought conditions are irrelevant if you look to downside this cross fell 1300 pips at the same conditions.
For now this is a V pattern like as we saw in the spx from 666 to 1220
Good Luck!!
Thursday, July 29, 2010
Wednesday, July 28, 2010
GBPUSD chart 15 minutes - 28072010
Cable now at the top of the range daily chart.
Have to fibonacci at this levels 1.5580/1.56.
Hold for now suport 1.5555.
Monday, July 26, 2010
GBPJPY - Daily Market Thought - Just a range for now !!
GBPUSD - Daily Market Thought
Above 1.5450 expect 1.5550 possible extension 1.56 higher band of this channel.
Breakout 1.5450 expect 1.5340 so don`t expect most more upside above this levels.
Click to zoom in.
Breakout 1.5450 expect 1.5340 so don`t expect most more upside above this levels.
Click to zoom in.
EURGBP Daily Market Thought - Test and hold suport area
Test and hold suport area. Important now breakout some important resistances.
Click to zoom in. Good luck!!
EURGBP Daily Market Thought - Test and hold suport area
Test and hold suport area. Important now breakout some important resistances.
Click to zoom in. Good luck!!
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