GBP USD breaches strongly 26/11/2012

2012-11-26 05:40:09 GMT (Economies.com)
 

The pair achieved solid breach to the bearish correction channel resistance and settled with daily and weekly close above it, to offer positive signals for the attempts of stopping the correction mentioned in our previous reports.

 

Therefore, we expect continuation in the bullish bias for this week and the main targets begin by attacking 1.6115 to confirm more bullishness towards 1.6310, we need to be aware that breaching 1.5985 will turn the price back to the bearish correction trend again.

 

Expected trading range for this week is between: 1.5900 support and 1.6310 resistance.

 

Expected trend for this week: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2055
0.0002
0.0207%
1.3885
-0.0009
0.0662%
Tadawul
10228.35
-26.53
0.26%
27.334
0.816
3.075%
64.728
0.818
1.280%
68.03
-0.94
1.36%
1814.410
24.825
1.387%
 
 
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