Welcome to the FXReturn.com London Forex Market Call for July 27th.,2010. GBP/USD: Closes on the highs of the session as the market pierces the 1.5469 area triggering buying into the 1.5520 region. A close above 1.5520 will signal a rally up to 1.6030 longer term. A failure of the 1.5469 level will encourage selling down to the 10 day average at 1.5269. Stochastics, however, have turned up signaling more upside ahead in the next few trading sessions | GOLD: Closes near the lows of the session as the 10 day average acts as major resistance to the market. The next downside objectives are 1174.9 then 1165.4. Technicals are starting to turn negative | Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com as well as review our latest TON: Trade On News Plans for the upcoming week. Please click the following link to view our daily research: LondonMarketCallCreated with Camtasia Studio 5
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