Saturday, February 25, 2012
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.
Click to zoom in.
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.
Click to zoom in.
EURUSD Update 15022012
Click to zoom in.
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.
Click to zoom in.
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.
Click to zoom in.
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