Analysis 20/9

It seems that market are still fighting to decide about the next trend. As we know, price is result from consolidation of markets. Yesterday, Gbp/Usd was bearish at European session but in the middle of US session, this pair had some strong support. Today, we will wait for an important fundamental news about speech from Mr. Ben Bernanke at early of US session. It seems that European trader will

Analysis for Gbp/Usd based at Eur/Gbp pair

Yesterday, we saw a different movement for Gbp/Usd and Eur/Usd. Eur/Usd has broken its highest level resistant at 1.3849 which was reached at 24/07/2007 but Gbp/Usd didn't do the same thing. Gbp/Usd just sit between level 2.0286 - 2.0363. We can check the Eur/Gbp pair to see what is going on between both of currencies.From the attachment picture, we can see that Eur is stronger than Gbp in this