How to profit from FX Markets by 
The upward breakout of the triangle mentioned on earlier posts has driven eur/gbp to fresh 2009 high’s.(http://blogs.fxstreet.com/techtrading/2009/10/08/intraday-outlook/)
Apparently, operators have held euro and weakened cable in order to rise the pair. Next stop lays at 0,94 psychological resistance and 0,9472 (76,40 % Fib from the whole drop 0,98 - 0,84).
César B.Leiceaga
Dear César:
Thank you for your post. I visited your blog from last week and I like your post.
What do you think AUD/USD this week? Because oil rise remarkable today and Australia shows better data last week. So I guess AUD/USD could reach 0.915-0.92.
Alan
Dear Alan,
Thank you for your comments. AUD/USD is in a strong uptrend and I don’t see why 0,9300 level should not be tested over the coming days/weeks.
Regards.
hello cesar,
if you are saying that eur/gbp will test 0.9470, can i conclude that the operators will keep showing gbp weeker than euro for this and may be coming week? how do u see gbp alone at its recent price.
your views will be highly appreciated
regards
Dear Jaydee,
Yes you can conclude that operators will keep gbp weaker than euro. Cable has just tested today the 38,20 % Fib from the whole bull move 1,3644 - 1,7022 which is a significant support at todays low 1,5725 - 1,5732. A rebound from here is probable unless todays low are cut tomorrow.Still, the long term perspective is bearish for the pound and bullish for the euro.
Regards.