EUR/USD Buy Above 1.2250 For August 03, 2012 (Weekly Strategy)
Fundamental Analysis, for August 03, 2012
News: 2012-08-03 14:49:30 UTC+00 10 months, 2 weeks, 2 days, 3 hours, 7 min. ago
GBP/USD Buy Above 1.5550 - For August 13, 2012 (Daily Strategy)

 

The British pound is within the range of 1.5770 to 1.54 consolidation. The fact that initially fired up to 1.57 and then ended at 1.55 does not bode well for this market in the future.
Whether it is likely to continue this movement a little longer or not, will be confined within this range.
Therefore, given that now trades below 1.5550 weekly support (W_S1) is likely to close in 4 hours charts above this level. If the pair manages to hold above 1.5551, we recommend buying with objectives in the short term at 1.5730. Our stop loss is placed below the minimum of yesterday.

 


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Performed by
Analytical expert: Gerardo Porras Palomino
InstaForex Group © 2007-2013
 Published: 2012-08-03 14:49:30 UTC+00 10 months, 2 weeks, 2 days, 3 hours, 7 min. ago

 
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