GBP?USD Analysis : Range Breakout This Week

The GBP/USD has displayed a bullish tone since the start of the year to build upon the strong momentum that was seen during 2013. We look at the fundamental and technical factors that could affect near term price action.

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Technical forecast for FTSE 100

FTSE Dec13 quite directionless but held support at 6665/6660 perfectly for the second day. The outlook is mixed so same levels apply today. Support at 6680 then 6665/60


Technical forecast for Dax

Dax Dec13 had an inside day yesterday which can be a short term negative signal. We broke Friday's high & Fibonacci support at 9192 as feared but held


Technical forecast for Corn

Corn held 412/11 & managed to beat 415/16 as we look for a selling opportunity at 420/421. This should hold a move higher today but shorts need stops


Technical forecast for AUD/USD

AUDUSD made it to resistance at 9440/50 which did hold the move as expected. We dipped to good support at 9381/77 which could hold the downside today but


Technical forecast for GBP/USD

GBPUSD broke 1.6077 but bounced from 1.6055. There is no direction this week so we watch for support at 1.6095/90 then 1.6055/45. Below 1.6030 keeps the market under


Technical forecast for Dax

Dax Dec13 broke all time highs at 9197 & reached 9235/40 but fell just 8 points short of the next target of 9265. We dipped to Friday's high


Technical forecast for Corn

Corn broke 420/419 & as we warned the outlook remains weak, a break below 415 was seen & the 1 year bear trend continues as we hit the


Technical forecast for AUD/USD

AUDUSD will need to hold above 9390 for a chance to retest yesterday's high at 9418. Above here today we hit resistance at 9440/50 which should hold the


Technical forecast for WTI Crude

WTI Crude unable to reach 9445 in a near 3 month bear trend & as expected we saw lower prices at the start of the week.Immediate resistance at