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Welcome to the FXReturn.com London Forex Market Call for December 13th.,2010. GBP/USD: Closes higher in Friday's session and above the 50 day average which is creating bullish overtones despite a decrease in the funds net long position. Consecutive closes above 1.5802 will spark a rally into the October pivot high at 1.6104. A failure of 1.5756 will encourage selling down to pivot support at 1.5483. Stochastics remain positive | GOLD: Rallies off the worst levels of the session but fails to close above resistance at $1388.8. A close above resistance will spark a rally up to the all time high at $1430.9. Consecutive closes below $1388.8 will encourage selling down to $1329.4. Funds increased their net long position which is adding support to ...

Welcome to the FXReturn.com London Forex Market Call for December 10th.,2010. GBP/USD: Closes near the lows of the session as the market rejects the 1.5800 handle. A close below 1.5740 will keep the bearish posture of the market in tact with 1.5483 as the downside objective. A close above 1.5800 will spark a rally into the October high at 1.6104. Stochastics remain bullish | GOLD: Closes mid-range on the session as the stochastics enter the sell zone which is creating bearish overtones. Consecutive closes below $1389.2 will encourage selling down to the November low at $1329.4. If Gold can close above $1400.00 a rally would ensue up to the all time high at $1430.9 | DailyFX Forum visitors can sign up for our FREE Live Interactive Webinars and ...

Welcome to the FXReturn.com London Forex Market Call for December 9th.,2010. GBP/USD: Closes near the highs of the session as the rally continues from the November 30th. low at 1.5843. A close above 1.5804 will spark a rally into pivot resistance at 1.6104. A failure of 1.5739 could encourage selling down to 1.5483. Technicals remain positive supporting further appreciation in the GBP/USD | GOLD: Closes near the lows, but off the worst levels of the session as the market could not sustain the $1400.00 handle. Consecutive closes below $1390.20 Will create bearish overtones that could drop the market down to the November low at 1329.4. A recovery of the $1400.00 handle will re-establish the bullish tone with an upside objective of the all time ...

Welcome to the FXReturn.com London Forex Market Call for December 8th.,2010. GBP/USD: Closes mid-range on the session as the market encounters resistance at the 1.5800 handle. A close above 1.5804 will retain the markets bullish posture with an upside objective of 1.6104. Conversely, A close below 1.5726 will encourage selling down to the November pivot low at 1.5483. Technicals remain positive | GOLD: Rallies into a new all-time high at $1430.9 but quickly reverses earlier gains to trade below the $1400.00 handle. A close above $1420.00 is needed to keep the markets bullish posture in tact. A close below $1392.6 will spark a sell off down to the November pivot low at 1329.4 | DailyFX Forum visitors can sign up for our FREE Live Interactive ...