Thursday 13 January 2011

GBPUSD + USDX

Re the DX here is yesterdays thoughts. link and to see a higher TF of this DX chart









I have been watching GBPUSD for some weeks with a feeling that price looks weak in the larger time frame charts. This yellow CL has been the objective for some time and price now seems to have stalled. I have no position at all but it maybe worth watching because so far there is no CL touch in any of my charting platforms and we have various ML's and reaction lines above in the way of price. Indicators are giving conflicting signals but the B-Line is in a bullish formation.
€$ & USDX charts to come.










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