Pound Versus Dollar and Aussie January 11th

FX Strategy Video > Currency Pairs Analysis

GBP/USD rose for the session on Tuesday, but struggled to get above the 1.55 level. This area was previous support, and could provide strong resistance as we have been grinding lower overall. Looking at the short-term charts could be the way forward in this market.

GBP/AUD fell fairly hard for the session, but managed a nice bonce at the 1.50 level. This major area should provide at least some support, but the trend is most certainly down. Selling bonces could be very profitable.

Published on 10th of January 2012
eTorro - Trading Starts Here

Start Trading Forex with up to $10,000

  • 100s Videos and FX Strategy articles
  • Advice from our FX traders
  • Practive free with using real time