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GBPUSD: Will Bear Start Controlling?

Fri, Nov 20 2009, 07:24 GMT
by Anthony Samaha

ForexSurvivor


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Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.

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(20 November Europe) Latest Impact: GBPUSD: Will Bear Start Controlling?

 

            GBPUSD has slightly broken the support trendline yesterday with parameters oct-nov and it remains in the bear farm. A close today below yesterday’s low confirm a top is in place and the price should step down toward 16300 level. Aggressive traders may enter a sell move on a rally today, exiting the trade once a close back above the TL is triggered, reading today 16750.

 

Signal: the market is pricing GBPCHF toward a downward move where selling the low of this week @ 16807 for 20 pips should be the next consideration.

 

Have a nice weekend!

 

 

 

Risk Certification

 

The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

 

Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.

 

 

 

 

 

 


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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. **** Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.

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