Technical Analysis

Major indices are mixed for the week The European stocks are closing higher for the day. All the major indices are closing in the black. For the week however, the results are mixed. The provisional closes for the day are showing: German DAX, +1.09% France’s CAC, +0.88% UK’s FTSE 100, +0.76% Spain’s Ibex, +1.17% Italy’s
Bounces off the MA line The GBPUSD fell to a new session low, but was able to find the support buyers against the 100 day MA. That MA comes in at 1.2458. The low reached 1.24585. Staying above the level keeps the dip buyers in the game. A move below, however, and we should see
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