GBP/USD Forecast July 11, 2016, Technical Analysis
GBPUSD pair initially rallied a bit, but at the end of the day could not break above the 1.30 level with any gusto.
GBPUSD pair initially rallied a bit, but at the end of the day could not break above the 1.30 level with any gusto.
The AUDUSD pair initially fell during the course of the day but then broke out to the upside as the 0.75 level gateway.
GBPUSD’s downward movement from 1.5016 extended to as low as 1.2795.
EURUSD remains in downtrend from 1.1616, the rise from 1.0911 is likely consolidation of the downtrend.
The AUDUSD pair initially fell during the course of the day on Wednesday but turn right back around to break above the 0.75 level.
The EURUSD pair initially fell during the course of the session on Wednesday, but turn right back around and form a hammer.
The EURUSD pair initially tried to rally during the course of the day on Tuesday but found the previous uptrend line as resistive, and as a result we turn right back around to form a fairly negative candle.
The AUDUSD pair fell a bit during the course of the day on Tuesday as traders returned from the Independence Day holiday in America.
The EURUSD pair initially fell during the day on Monday, but then turned back around to form a bit of a hammer.
The AUDUSD pair broke above the 0.75 level during the day on Monday, but we are still below the pressure that had formed a shooting star from the previous week.