Pound Versus Dollar and Euro February 3rd

FX Strategy Video > Currency Pairs Analysis

GBP/USD fell during the Thursday session as the pair drifted lower. The 1.58 level has held as support, and it looks like we are entering a very tight range. However, the pair is very overbought - this video shows where we are willing to sell.

EUR/GBP rose during the session, but there is a clear place to look for sell orders. We are very bearish of this pair at the moment, and are simply waiting for our signal.

Published on 2nd of February 2012
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