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Midday update for GBP USD 05/03/2013
The pair retested 1.5190 and bounced lower from there, to keep our bearish trend expectation for today valid; reminding you that breaching above 1.5190- 1.5235 will turn the intraday trading towards the upside.
Expected trading range for today is between: 1.4900 support and 1.5235 resistance.
Expected trend for today: Bearish
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Midday update for EUR USD 05/03/2013
The pair trades with bullish bias since the morning, and approaches calmly from 1.3145, to keep our expectations for the preferred bullish trend effective for today, being aware for the clear overbought signals that appear on Stochastic which might decelerate achieving the waited target.
MoreEUR JPY moves slowly 5/3/2013
The pair’s trading continues calmly since yesterday’s trading to keep the stability above 121.10 which represents 23.6% Fibonacci, thus we remain in our previous expectation to achieve 122.65 as a main target for the bullish trading.
MoreGBP JPY hits 32.6% Fibonacci 5/3/2013
The pair moved quietly in its recent trading to be trading with bullish bias to achieve 141.15 which represents 23.6% Fibonacci, to confirm that it surpassed the correctional bias and begin a positive bias.
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