As further strength saw the pair breaking and closing above the 92.31 level, its Oct 27′09 high on Wednesday, threats are now seen towards its established falling channel top currently at 93.60. From the big picture perspective, the pair is trading within its broader falling channel and that channel top…

The Cable has risen during the day towards 1.62 mentioned in the morning. It is likely to move come down a little having risen from a level of 1.5833 over the last two days. We believe we might have to allow for 1.63 before the pair comes down. As mentioned…

The pair was seen heading higher in early trading today following a flat close on Wednesday but the immediate challenge is for it to break and hold above its Aug 05’09 high at 1.4446. Doing so will resume its corrective recovery initiated from the 1.4216 level towards the 1.4479 level,…