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Finaly Revalidate The Breakout

Title: Technical analysis of the EUR/GBP pair on January 24th, 2012
Commentary of the EUR/GBP pair: The pair EUR/GBP has faked yesterday a return below 0.83 to finaly revalidate the breakout of the resistance at 0.8350 (buy signal). The pair is still moving into its bearish channel (purple lines). All indicators are now bullish. We continue to advise long positions as far as 0.8350 is support. The breakout of 0.84 and 0.8450 will both give a new buy signal. In case of return below 0.8350, we will wait the breakout of 0.83 to advise short positions. See the previous analysis of the EUR/GBP pair of January 23th, 2012 EUR/GBP Analysis



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