British pound is testing supports at a strong support area, we will watch it carefully for possible bullish signals, if prices keep on falling, the next support will be at 1.5640.
Happy Trading
Tuesday 13 September 2011
Forex comentary
Hello everyone, we have to be cautious these days with our trading, lots of volatility in these uncertain markets, possible reversal patterns are present at pairs EURJPY and NZDUSD, also a bearish crossing of moving averages on the aussie dollar can push further down moves. Also rumors about a deal between chinese and Italy's government about a possible buying of Italy's debt by the chinese helped at some point yesterday in Wall Street.
British pound is testing supports at a strong support area, we will watch it carefully for possible bullish signals, if prices keep on falling, the next support will be at 1.5640.
Happy Trading
British pound is testing supports at a strong support area, we will watch it carefully for possible bullish signals, if prices keep on falling, the next support will be at 1.5640.
Happy Trading
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