GBPUSD Bullish Harami 4-Hour Chart

GBPUSD Bullish Harami 4-Hour Chart Resistance: 1.5944 moderate/1.5963 minor/1.5989 minor Support: 1.5918 strong/1.5899 moderate/1.5872 minor Overall bias in GBPUSD is bullish with the Bullish Harami just above a strong support level. Though a low level bullish reversal candlestick pattern, given the strong support consider taking a buy with 1.5944 as the immediate target, possibly further on to 1.5963. A stop loss should be placed below 1.5918, the Pivot Point. The prudent course of action is

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GBPUSD Bullish Harami 4-Hour Chart

Modest reaction to continued EU/IMF disagreement

Latest news: Greece and EU/IMF are pulling the headlines The EU politicians were not able to agree on the payment of the next loan tranche. A decision is to be expected on Monday, 26 November. As expected the Turkish central bank lowered its overnight lending rate by 50 basis points. The announcement did not affect TRY. The Norwegian GDP for Q3 offered a positive surprise (0.7% against the expected level of 0.5%). However, growth in Q2 was revised down correspondingly to 0.8% from the previous

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Modest reaction to continued EU/IMF disagreement

The Eurostoxx extended Monday’s rally in yesterday’s session

EUROSTOXX 50 (Dec 12) INTRADAY Review The Eurostoxx extended Monday’s rally in yesterday’s session, gaining 0.46% on the day and man-aging to close above the 2,500 handle. Our yesterday’s strategy entry long at 2,478 was reached during early European trade and both profit targets at 2,502 and 2,513 were reached throughout the trading day. Strategy As was largely expected, risk markets managed to shrug off the downgrade of the French sovereign rating by Moody’s and were able to extend to the

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The Eurostoxx extended Monday’s rally in yesterday’s session