Monday, November 7, 2011

GBP USD back to resistance 1.6070

Pair again traded up to 1.6070 Resistance, but the level is still strong and the pair eventually become Resistance doing retracement back to around 1.6. In the morning session today paie back trading near resistance levels are. Bias in the morning session today was with Bearish Bullish momentum. Pair still also has the potential to re-meretest Resistance tersekhir and break it lies next to the range 1.6100 Resistance - 1.6150. Support at this time lies dikisaran trading 1.6025/40. Beware when the pair began trading below that level and menfkonrimasinya as Resistance, then the pair could potentially weaken traded up to a range of Support 1.5950.GBPUSD has traded with Range 16 points at 13% of the Average Range 126 points and have been trading down -0.04% with High + Low 0.01% and -0.11% from the close of trading yesterday.

EURUSD Confirmed the Upper Range

Market is still traded in the range of 1.3675 and 1.3825 Range. In trading yesterday confirmed the market still remains to be 1.3825 Upper Range and Lower Range 1.3675 Resistance remains Support. EURUSD bias in the morning session today was with Bearish Bullish momentum, trading at 1.3750 to Axis session this time. Beware if the level is confirmed as the support, then the pair will potentially be traded rose up to the Upper Range, and if confirmed breached then the next resistance lies diksiaran 1.3950. Conversely, if the range is confirmed as a resistance level 1.3750, then the pair could potentially be traded up to 1.3675 Range Lower range and if the level is confirmed subsequently annexed it looks dikisaran 1.3575.EURUSD Support has traded with Range 26 points ie 16% of the Average Range 161 points and has traded down -0.07% to +0.04% High and Low -0.15% from the close of trading yesterday.

Wednesday, November 2, 2011

Beware pullback GBPUSD

Resistance level of 1.6040 and has been confirmed as the retest as much as 2x, and then immediately traded pair fell to 1.5875 range. and in the morning session today has traded pair Support breaking 1:59 range. Bias and Momentum in the morning session today is Bearish. Beware if this pair will do the pullback / retest the range of 1:59 and confirm the level of resistance it would be potentially traded weaker pair up with a range of 1.5850 followed by 1.5785 Support.

GBPUSD has traded with Range 33 points ie 24% of the Average Range 136 points and have been trading down -0.15% with High and Low -0.16 +0.04% from the close of trading yesterday.

Intraday Resistance 1:59 - 1.5945 Daily Pivot

Intraday support 1.5850 - 1.5785

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