FOREX: 12-16 Apr GBP/USD Review | 19-23 Apr GBP/USD Forecast
si perapu:
Invince_Z
This week (12-16 Apr) close higher than this week so far high atm (Apr 15'10), 1.5522, indicate next week bullish trend, The pair will be eyeing for 1.5572, Feb 23'10 high. A decisive break n week close (19-23 Apr) @ 50pips and above, above the 1.5572 will trigger further bullish trend towards 1.5830 for next 2 week (26-30 Apr), while a weak or no break at all or next week close below the Feb 23'10 high, bearish. In addition, Monday open will help strengthen this view.
This week close below 1.5390, indicate next week bearish trend, perhaps a further free fall towards 1.4870. However, Monday open will further help to decide this view.
This week close in between those 2 values...I have no idea. Monday open/close will probably become the indicator on deciding the trend.
discussion: FOREX | v se7en @ LYN
p/s: trade with brain, i'm not responsible for any loses
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