Candlestick Daily: GBP/USD at 18-Month Lows, Illiquid Trade Expected

January 16, 2012 by stanh
Filed under FX News

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Short Term)		Inching higher in subdued trade after bearish weekend gap. See full report for more details
GBP/USD (Short Term)		Consolidating around the 1.53 handle, but longer-term bias bearish below 1.54 resistance
USD/JPY (Short Term)		Consolidating below 77.00 round handle. See full report for more details
USD/CHF (Short Term)		Subdued trade below .9570 leaves few intraday trading opportunities. See full report for more details.
USD/CAD (Short Term)		Rates continue to consolidate around 1.02 handle, with key previous support at 1.0140
AUD/USD (Short Term)		Trade in Progress: Long from 1.0304, stop at 1.0229, target at 1.0375
NZD/USD (Short Term)		Rates currently consolidating around monthly pivot resistance at .7944,see full report for more details