Archive for July 8th, 2010
Forex Technical Analysis (2010/07/08) USD/JPY Double Bottom Turn
(Please click on the forex chart thumbnail to enlarge) 7/08/2010 Forex Technical Analysis (FXpath.com) – USD/JPY, a 4-hour chart of which is shown, after establishing a solid double-bottom low in the very significant 87.00 support region, went on to breakout well above the equally significant 88.00 price region before pulling back to 88.00 and rising with [...]
Forex Technical Analysis (2010/07/08) GBP/USD Poised for Range Breakout
(Please click on the forex chart thumbnail to enlarge) 7/08/2010 Forex Technical Analysis (FXpath.com) – GBP/USD, a 4-hour chart of which is shown, has been range-bound between the 1.5225 resistance price region and the 1.5080 support price region for the last several days, as of Thursday (7/08/2010) morning. This occurs within a month-long parallel uptrend channel [...]
