Pound Versus Dollar and Swissy May 30th

FX Strategy Video > Currency Pairs Analysis

The GBP/USD made a bullish statement all week, and Friday was no exception. The pair looks set to try the 1.65 area, and if it makes it past there - is going to retest the highs. The 1.68-1.70 area is crucial, as if it gives way, the next 1,000 pips should be fairly easy. The GBP/CHF is a totally different story. The pair has been bearish for ages, and is currently making all-time lows. (Again.) We like selling rallies.

Published on 27th of May 2011
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