Tuesday, 28 August 2012

GBP/USD testing June and July highs

A break of the short term trend line would expose the 1.56 area and a test of the more important trend line drawn from the June, July and August lows.

USD/MXN worth watching price relative to two nearby trend lines

Even if you are not interested in trading this pair it is worth watching, as a break above both nearby trend lines would add confidence to a general call for renewed USD strength.