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London Session Summary / Jan 23, 2008

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London Session Summary / Jan 23, 2008
Wednesday, January 23rd, 2008 @ 7:52 am by Mihai Marinescu

Hi everybody! We mainly focused on EURUSD today, as the pair seems to be starting a consolidation phase 1.4490-1.4780 with direction to be settled during the next days. For now, it appears that the larger timeframes are somehow ambiguous, but the 1h and lower are showing possible retracement down after yesterday’s sharp move. Also noticed bearish signs on GBPUSD and AUDUSD short-term, however they seem to be part of larger consolidations.
Will keep an eye on the market for possible trading setups on these pairs.

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