Forex Analysis

Forex Market Overview on 20.02.2013

Welcome to the second day of the market lull, but a few things you can pay attention


The GBPUSD to become adjusted anywhere and continued downward movement of the trend.After overcoming the support level of 1.54244, bears can meet bulls resistance around 1.53410.


Inside yesterday formed a Doji one smaller.Together they formed the inner bar.In view of all the pieces, everything points to the uncertainty of the market for further direction.To enter recommended by the rules patterns.


Today bulls showed their power, and did not let the bears down, creating a pin-bar at 0.84296.I will continue to move to the upper boundary of the channel.The transaction log according to the rules of the pattern Ping bar.