Sunday, July 3, 2011

Weekly Forecast (FX)


A little hint of short term reversal that might continue until this week.
Good support at 1.5900.
Coming week, we forecast GBP/USD to trade in consolidation bias up.

Last friday, GBP/USD settles at 1.6069, I am going to Long GBP/USD at 1.6010-20 on Monday, SL 1.5970 (Thursday low) for a quick trade to channel high 1.6150.

Following trading days will trade with initial shadow method until GBP/USD reach
Target 1.6250-300.

No comments:

Post a Comment