26 August 2010

Stand aside today because yesterday movement are not so good when up and down extremely due to the unexpected news. Seem today the price are very stable but still need to be careful. GBP and EURO now moving uptrend and already touch 200 MA line and already break 72 EMA line. So the trend are neutral now.
Source from - forexlive.com
http://www.forexlive.com/127721/all/forexlive-asian-market-wrap-hunting-for-stops
Cable has made a sharp move higher in the afternoon driven by some sizeable stop-loss orders in both cable (above 1.5525) and GBP/JPY (above 131.50). Early session moves were relatively slow as GBP/JPY buying ate through decent cable offers towards 1.5510. Once the offers were filled the stops were triggered and cable gapped 30 pips higher. Ranges: Cable 1.5468/1.5563, EUR/GBP .8171/95
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