Wait for a slow stochastic indicator to move upwards and than brake downhill. Scenario (1) @ Monday opening may also play out but it has to be confirmed within first 2 hours of London opening.
Saturday, 11 February 2012
GBPUSD Feb.2012
While bullish uptrend seams to be broken (red ascending line), It looks like this pair may do another jump up to 1.580-1.585 area before continues lower. Short position candidates are 1.580 (2) and 1.585 (3) prices while daily closing above 1.595 negates a bearish scenario.
Wait for a slow stochastic indicator to move upwards and than brake downhill. Scenario (1) @ Monday opening may also play out but it has to be confirmed within first 2 hours of London opening.
Objectives are 1.56 than 1.545 and 1.5275
Wait for a slow stochastic indicator to move upwards and than brake downhill. Scenario (1) @ Monday opening may also play out but it has to be confirmed within first 2 hours of London opening.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment