-
Buy Cable At Market & Sell EUR/USD Into 1.3625 - Credit Suisse
GBP/USD remains strong after completing its bullish continuation pattern above 1.6258/62 and breaking its medium-term downtrend from 2009, and a move above the 1.6379 high for the year from January has been seen overnight before retracing slightly lower, notes Credit Suisse. "Near-term resistance at 1.6455 should be allowed to cap at first, ahead of a test of 1.6483. A fresh pause here will be looked for, ahead of strength eventually extending back to 1.6619, the measured target from the base. Near-term support moves around 1.6354, with 1.6314 ideally holding to keep the immediate risk higher," CS projects. In line ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 2, 2013 7:33pm Dec 2, 2013 7:33pm
- Mike Haran
- | Commercial Member | Joined Oct 2010 | 699 Comments
- Comment #2
- Quote
- Dec 2, 2013 7:35pm Dec 2, 2013 7:35pm
- Mcg
- | Joined Oct 2012 | Status: Member | 88 Comments
- Comment #3
- Quote
- Dec 2, 2013 7:35pm Dec 2, 2013 7:35pm
- Mcg
- | Joined Oct 2012 | Status: Member | 88 Comments
- Comment #4
- Quote
- Dec 2, 2013 7:41pm Dec 2, 2013 7:41pm
- Guest
- | IP XX.XXX.173.164
- Comment #5
- Quote
- Dec 2, 2013 11:21pm Dec 2, 2013 11:21pm
- acidguy
- | Joined Aug 2007 | Status: Trading make u smarter. | 99 Comments
- Comment #6
- Quote
- Dec 3, 2013 8:47am Dec 3, 2013 8:47am
- Mcg
- | Joined Oct 2012 | Status: Member | 88 Comments