|Reading||0.2% m/m; -1.4% y/y|
|Reading||1.9% m/m; -1.9% y/y|
|Reading||0.1% q/q; 1.0% y/y|
|Reading||0.2% m/m; 6.2% y/y|
|GOLD Intraday Technical Analysis|
|EUR/USD Intraday Technical Analysis|
Forex Analysis: 19 Apr 2012, 06:14 UTC+00
GBP/USD Intraday Technical Analysis
The spot rate is currently testing the upper limit of its medium term bullish channel at 1.6090 and seems to initiate a decline. However, a break through these levels will release good potential and initiate a violent bullish trend.
Technical indicators provide sell-signals and until the resistance is not broken the assumption of a decline is most likely. Bollinger bands are much discarded in the result of a strong increase these days. Stabilization is expected in a short term.
According to previous events the market will provide a bullish opportunity as soon as the spot rate has broken through its resistance of 1.6090 with the 1st objective at 1.6150 and then at 1.6170. A break through 1.6070 will invalidate this scenario.
analytical expert: Albert Fitoussi
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