Market trend analysis for 11th of August (updated) ~ forex trading tutorial
Hi, everyone. Market trend analysis for today will be very short for I do not have really what to say. I have to admit that I was wrong about gbp/usd. I came back to its range today. It does not mean that the downward trend that was started when the support was broken is finished, but it may simply mean that the trend down may not be as orderly as I imagined. Looking from fundamental point of view, there are no major releases on Friday, so I do not have any predictions about tomorrow moves.
It looks as if Yen will fall soon for I see pairs strengthening against it. But I will post more about it tomorrow or during the weekend.
See also:
Support
Resistance
