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Recent Posts
- Trade Idea Wrap-up: USD/JPY – Hold long entered at 84.50
- Trade Idea: USD/CAD – Hold long entered at 1.0510
- ECB To Extend Full Allotment Of Refinancing Operations Towards Year-End
- EURUSD: Struggling To Recover Higher
- U.S. Recovery is Tracking Traditional Experience after Financial Crisis Induced Recessions
- Monthly Economic Outlook – August 2010
- Trade Idea Update: GBP/USD – Sell at 1.5470
- GBP/USD – Approaching Sell Zone
- FX Monthly – August 2010
- Trade Idea Update: USD/CHF – Sell at 1.0465
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GBPUSD Archive
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Trade Idea Update: GBP/USD – Sell at 1.5470
Posted on August 24, 2010 | No CommentsAs cable has recovered again after holding above intra-day support at 1.5373, retaining our view that minor consolidation would be seen and retracement to 1.5430/40 cannot be ruled out, however, reckon renewed selling interest would emerge below the Kijun-Sen (now at 1.5475) and bring another... -
GBP/USD – Approaching Sell Zone
Posted on August 22, 2010 | No CommentsToday’s daily chart exemplifies the recent volatility of the sterling. When bearish, the sterling has had between 6-10% selloffs. The recent uptrend from the end of May till mid August has stalled. Currently price action is testing the 23.6% retracement level and our 200 day... -
GBPUSD: Deepening Corrective Weakness
Posted on July 12, 2010 | No CommentsGBPUSD: Having halted its nearer term recovery at 1.5239, which started from its 2010 low at 1.1875 to close lower the past week, further extension of that weakness is presently seen targeting the 1.4872 level, its July 01’10 low. A firm violation of there will... -
Trade Idea Update: GBP/USD – Sell at 1.5160
Posted on July 10, 2010 | No CommentsDespite intra-day bounce to 1.5205, current selloff signals temporary top has been formed at 1.5241 earlier and consolidation with downside bias is seen, break of 1.5081/82 support would confirm this view and bring correction to 1.5057 (50% Fibonacci retracement of 1.4873 to 1.5241), then 1.5014... -
GBPUSD – Outlook Higher But Consolidating
Posted on July 9, 2010 | No CommentsHaving continued to maintain its consolidation price activities, we expect GBP to eventually end that correction and prompt further upside momentum aiming at its falling trendline presently located at the 1.5314 level. This level is likely to hold as resistance on initial test and turn... -
Trade Idea Wrap-up: GBP/USD – Buy at 1.5085
Posted on July 8, 2010 | No CommentsDespite intra-day brief rise to 1.5241, the subsequent retreat from there suggests a temporary top has been formed and consolidation with mild downside bias remains for retracement to 1.5100 (38.2% Fibonacci retracement of 1.4873 to 1.5241), however, reckon support at 1.5081/82 would hold and bring... -
GBPUSD: Correcting With Upside Bias
Posted on July 8, 2010 | No CommentsAlthough the pair is now seen correcting, we expect that correction to end and trigger further upside momentum towards its falling trendline located at the 1.5324 level. Another resistance level before that level is located at the 1.5308 level, its May’10 high. The 1.5324 level... -
Trade Idea Wrap-up: GBP/USD – Buy at 1.5105
Posted on July 7, 2010 | No CommentsAs the British pound found renewed buying interest at 1.5082 and has rallied, suggesting a test of resistance at 1.5227-30 would be seen, however, break there is needed to confirm upmove has resumed and extend gain to 1.5260 (50% projection of 1.4873-1.5230 measuring from 1.5081)... -
Trade Idea: GBP/USD – Hold long entered at 1.5150
Posted on July 7, 2010 | No CommentsFailure to penetrate previous resistance at 1.5230 yesterday and the subsequent retreat from 1.5227 suggest caution on our long position entered at 1.5150 and 1.5115 must hold to retain bullishness for another rebound to the Kijun-Sen (now at 1.5170), break there would suggest the pullback...