Monday, 5 August 2013

gbpusd8/6/2013

Today pound is trading above moving averages and middle band, RSI is also bullish so initial bias is bullish.

Thursday, 1 August 2013

GBP/USD ANALYSIS 8/2/2013

Price opened below pivot point so it is initially bearish, price is below short and long term SMA's so it is bearish, it is below middle band and rsi is also below midpoint. so it is bearish today. no trade for me today.
On fundamental side both UK is doing good, and USA is doing great.