Pound Versus Dollar and Swissy June 1

FX Strategy Video > Currency Pairs Analysis

The GBP/USD pair fell slightly on Tuesday, but it fell from the all-important 1.65 level. Because of this, the pair could be doing one of two things: winding up to move higher, or entering back into the consolidation area that it tried to break out of. The next 24 hours could be telling. The GBP/CHF pair rose in Tuesday trading, only to fall again. The shooting star formation is very bearish, especially as it is at the ned of a down move, and at all-time lows essentially. This pair looks weak, very weak.

Published on 31st of May 2011
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