Posts Tagged ‘resistance’
Chart of the Day – EUR/GBP
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Friday, 25 March 2011 15:52
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Price action on EUR/GBP (a 4-hour chart of which is shown) as of Friday (3/25/2011) has consolidated just under 0.8800 after breaking out above 0.8760 resistance on Thursday. This occurs within the context of a very well-formed uptrend that has been in place since the mid-February lows. Since those lows,

 
Chart of the Day – GBP/USD
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Monday, 28 February 2011 19:30
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Price action on GBP/USD (a daily chart of which is shown) as of Monday (2/28/2011) has continued its rangebound consolidation, roughly trading between key support around 1.6000 and key resistance around 1.6300, that has been in place since the beginning of the month. Having made a significant bullish push today,

 
Trade Idea Wrap-up: GBP/USD – Buy again at 1.6175
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Monday, 28 February 2011 15:26
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As the British pound has continued to edge higher after intra-day anticipated rally, adding credence to our bullish view that recent upmove has resumed and a retest of 1.6275-79 resistance area is underway, however, a sustained break there is needed to confirm and extend further gain to recent high at