dimanche 22 novembre 2009
GBPUSD Daily 20-11-09
Posted on 11:58 by Kyuubi
GBPUSD closed one more time above the resistance level at 1.6680 on Monday but again take a look at the volume ... guess what ? Volume is clearly below average, less than the two previous day : no demand ! Unsurprisingly price drift down, close behind the level and friday, big sell off and close behind the test bar of last week.
Price should go down and test the support level at 1.6271 in the following weeks. Waiting for a no demand day in the range of the friday candle would be a great signal.
In conclusion, I am for a bounce of the dollar and if I need to short it, it will be on the EURUSD and long it on GBPUSD ( The opposite of what I did since the biginning of the month ).
Inscription à :
Publier les commentaires (Atom)
No Response to "GBPUSD Daily 20-11-09"
Leave A Reply