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Welcome to the FXReturn.com London Forex Market Call for monday August 23rd.,2010. GBP/USD: Closes down 57 points but rallies off support at 1.5520. A close below support will encourage a sell off down to 1.5238. Funds reversed their net long position from the previous week. A close above 1.5613 will spark a rally into the 1.6000-1.6300 region. Stochastics remain oversold | GOLD: Closes mid-range on the session as the market makes a failed attempt to travel through the 1237.3 area. A piercing of the 1237.3 area will encourage buying into the 1249 region. 1217.5 is major support. The support area should hold as the funds increased their net long position | Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading ...

Welcome to the FXReturn.com London Forex Market Call for Friday August 20th.,2010. GBP/USD: Closes mid-range on the session for the second day as the market rejects a close above the 10 day average. A close above 1.5700 will spark a rally up to the 1.6000 region. A failure of support at 1.5520 will encourage selling down to 1.5238. Stochastics are in oversold territory which could lead to a rally | GOLD: The rally continues as traders are focused on the 1249 region. A close above 1249 will keep the bullish momentum in tact with 1264.8 being the next objective. 1217.5 is support. Open interest increased this week which is supportive of higher gold prices. 1300 is the end of the year price target | Daily FX Forum visitors can sign up for our ...

Welcome to the FXReturn.com London Forex Market Call for Thursday August 19th.,2010. GBP/USD: Closes mid-range on the session as the market finds major resistance at the 1.5700 region. If the market can close up against resistance, a rally would ensue with 1.6030 being the next price objective. 1.5520 is holding the market. If this level fails, a precipitous drop to 1.5238 could occur. Technicals are entering oversold territory | GOLD: The rally continues as traders have 1249 in their crosshairs. Support is at 1217.5. Technicals remain positive with increasing open interest which is a bullish trend signal | 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 ...

Welcome to the FXReturn.com London Forex Market Call for Wednesday August 18th.,2010. GBP/USD: Closes on the lows of the session as the market rejects the 1.5700 region. 1.5520 is key support. A piercing of support will encourage selling down to 1.5469 then 1.5238. A close above 1.5700 will spark a rally up to the 1.6000 area. Technicals remain negative but are entering oversold territory | GOLD: Closes nearly unchanged as traders are focused on 1249 as their next price objective. 1217.5 is major support. A breach of support will encourage selling down to 1156.30 longer term. Technicals remain positive supporting further price appreciation in Gold | Daily FX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading ...