EURGBP – Bear Pressure To Target The 0.8315 Level

Wednesday, July 28th, 2010

EURGBP Having reversed its Monday gains on Tuesday, risks are now building towards a retarget of the 0.8315 level, its July 13′10 low.

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EURGBP – Bear Pressure To Target The 0.8315 Level

AUDUSD: Outlook Higher Towards The 0.9077 Level

Tuesday, July 27th, 2010

With a continuation of its short term resumption and a higher close established on Monday, further strength is expected towards its May 10′10 high at 0.9077. While the pair holds above the 0.9000 level, its psycho level, we look for a retarget of the 0.9077 level and possibly higher.

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AUDUSD: Outlook Higher Towards The 0.9077 Level

GBPUSD – Struggling At The 1.5470/50 Levels

Tuesday, July 27th, 2010

Though gapping higher on Monday, the pair is still struggling to break and hold above the 1.5470 level, its July 13’10 high. A firm hold above there is required to drive the pair further higher towards its April 15’10 high at 1.5521 and then its.50 Fib Ret.(1.7041-1.4226 decline) at 1.5604

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GBPUSD – Struggling At The 1.5470/50 Levels