Pound Versus Dollar and Franc July 23rd

FX Strategy Video > Currency Pairs Analysis

GBP/USD saw a massive reversal on Friday as the Dollar gained everywhere. The pair has been rejected at the 1.57 level again, and the weekly candle is even a shooting star. This suggests that the next move is down.

The GBP/CHF continues to grind higher, in what is probably one of the least publicized definite trends at this point. While you weren't looking - this pair went much, much higher. 1.57 is still being targeted from the previous bull flag.

Published on 22nd of July 2012
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