GBPUSD Daily Analysis – September 8, 2014
GBPUSD’s downward movement from 1.6643 extended to as low as 1.6168.
GBPUSD’s downward movement from 1.6643 extended to as low as 1.6168.
AUDUSD upward movement from 0.9237 extended to as high as 0.9401.
GBPUSD continued its downward movement from 1.6643, and the fall extended to as low as 1.6286.
The EURUSD pair fell hard during the session on Thursday as the European Central Bank surprised that the markets with a slight rate cut.
The AUDUSD pair tried to rally significantly during the session on Thursday but failed.
GBPUSD’s downward movement from 1.6643 extended to as low as 1.6440.
EURUSD remains in downtrend from 1.3411, the rise from 1.3110 is likely consolidation of the downtrend.
The AUDUSD pair rose during the session on Wednesday, but remains within the consolidation area that we had seen form over the last several weeks.
EURUSD remains in downtrend from 1.3411, further decline would likely be seen after a minor consolidation, and next target would be at 1.3000 area.
After consolidation, GBPUSD broke below 1.6536 support and continued its downward movement from 1.7190, and the fall extended to as low as 1.6463.