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GBPUSD Laggard Bull!

Wed, Oct 14 2009, 09:42 GMT
by Anthony Samaha

ForexSurvivor


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(14 October US) Latest Impact: GBPUSD Laggard Bull!

 

            GBPUSD is an uptrend after finding support near 15700. It is worth mentioning that the US and the UK goes together recently, where Dollar Index and GBPUSD have been plummeting for the last few weeks. Should a say be feasible to wire that sterling ensures a recovery once dollar index does the rebound? An eye should be kept on both. As for now, sterling is showing a U-turn and a close above 16000 puts pressure back to 16150 then 16250. The latter should be pocketed in less than 7 days. The bullish scenario is nullified if a close below 15865 is screened, an unlikely phenomenon.

 

 

 

 

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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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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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