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Welcome to the FXReturn.com London Forex Market Call for November 12th.,2010. GBP/USD: Closes near the lows of the session as the market makes a failed attempt to trade into the 1.6200 region. Consecutive closes above 1.6200 will spark a rally into 1.6297 then weekly resistance at 1.6430. There is a confluence of support at the 10 day average and the 38.2% retracement level which resides at 1.6065. A close below 1.6065 could ignite a precipitous drop down to pivot support at 1.5649 | GOLD: Closes mid-range on the session but traded above the $1400.00 handle for most of the session. The next upside objective is 1423.7. Support resides at 1386.9 which is the October pivot high. A close below support could trigger a wave of selling down to 1314.5 ...

Welcome to the FXReturn.com London Forex Market Call for November 11th.,2010. GBP/USD: Closes near the highs of the session as the market rallies 175 points from the Fibonacci 50% level which resides at 1.5960. Consecutive closes above 1.6100 will ignite a rally into pivot resistance at 1.6297. Todays gains erased Tuesdays losses creating bullish overtones. Near term support is at 1.6057 | GOLD: Closes near the highs of the session as the market respects pivot support at $1386.9 which is the October high. Consecutive closes above $1400.00 will inspire investors and traders alike to add to their long positions for a rally into another record high. Technicals remain positive and funds are net long supporting further price appreciation, however, ...

Welcome to the FXReturn.com London Forex Market Call for November 10th.,2010. GBP/USD: Closes near the lows of the session and below pivot support at 1.6104 which creates bearish overtones despite the funds net long position. The next support level is at the 61.8% retracement level which resides at 1.5895. Technicals turned bearish suggesting more downside pressure in the next few trading sessions. Resistance is at 1.6104 | GOLD: Rallies to another record high only to close on the lows of the session. The market came within $1.30 of $1425.00 per ounce before the precipitous drop down below $1400.00 occured. A close below pivot support at $1386.9 could indicate the 2010 high is in for the year. Resistance is at $1400.00 | DailyFX Forum visitors ...

Welcome to the FXReturn.com London Forex Market Call for November 9th.,2010. GBP/USD: Closes near the lows of the session as the market rejects the 1.6200 handle. A close above 1.6200 will spark a rally into the 1.6297 region. A close below the 10 day average which value resides at 1.6056 could encourage selling down to pivot support at 1.5649. Technicals remain positive and funds increased their net long position which is supportive of further price appreciation | GOLD: Trades to yet another all time high as the market enters into the $1400.00 handle. The next objectives are $1425.00 then $1450.00. Near term support resides at the October pivot high at 1386.9. Technicals remain positive | DailyFX Forum visitors can sign up for our FREE Live ...