GBP is highly supported by the BoE (Bank of England), due to its continuous buying GBP assets it keeps the GBP moving higher. Intraday trading analysis (tips) for GBP/USD 4 July 2011, we recommend, Enter long in GBPUSD above 1.6055 for target of 1.6125 and 1.6175 also place protective stop loss below 1.6005. Reason to trade GBPUSD long: GBPUSD has bounced from 1.5905 level and now we see a good ... [Continue Reading]
Forex: USD/CHF Trading Analysis for 4 July 2011: Sell USDCHF below 0.8495
CHF (swiss frank) is also know as the safe heaven due the politically neutral economy due to its banks secrecy laws. Intraday trading analysis (tips) for USD/CHF 4 July 2011, we recommend, Enter short in USDCHF below 0.8495 for target of 0.8445 and 0.8405 also place protective stop loss above 0.8515. Reason to trade USDCHF short: As the CHF has started to strengthen more as compared to USD. On ... [Continue Reading]