Month: July 2012

GBPUSD Analysis. Being contained by 1.5776 resistance, GBPUSD moves sideways in a narrow range between 1.5640 and 1.5720. The price action in a range is likely consolidation of the short term uptrend from 1.5484, another rise to...

GBPUSD Analysis. GBPUSD rebounded strongly from 1.5484, suggesting that a cycle bottom had been formed on 4-hour chart. Further rise to test 1.5776 resistance could be expected, a break above this level will signal resumption of the...