Pound Versus Dollar and Franc July 13th

FX Strategy Video > Currency Pairs Analysis

GBP/USD fell below the all-important 1.59 level on Tuesday, but managed to pop back up - forming a bullish hammer. However, we see it as a possible chance to sell at higher levels.

The GBP/CHF was very similar, and we wouldn't buy this pair if our lives depended on it! Waiting for the bounce could be profitable.

Published on 12th of July 2011
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