Forex Signals - Free Forex Trading Forecasts and Signals » GBPUSD

Trade Idea Update: GBP/USD – Sell at 1.5470

admin — Tue, 24 Aug 2010 13:01:52 +0000

As 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 decline to 1.5350/55 (50% projection of 1.5999 to 1.5464 measuring from 1.5620)

View full post on Forex Trading Ideas

GBP/USD – Approaching Sell Zone

admin — Sun, 22 Aug 2010 07:22:15 +0000

Today’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 simple moving average. If we View full post on Technical Analysis

GBPUSD: Deepening Corrective Weakness

admin — Mon, 12 Jul 2010 12:30:28 +0000

GBPUSD: 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 push the pair further lower View full post on Technical Analysis

Trade Idea Update: GBP/USD – Sell at 1.5160

admin — Sat, 10 Jul 2010 06:06:53 +0000

Despite 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 (61.8% Fibonacci retracement) but reckon 1.4950/60 would hold from here.

View full post on Forex Trading Ideas

GBPUSD – Outlook Higher But Consolidating

admin — Fri, 09 Jul 2010 11:24:36 +0000

Having 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 the pair back down. However, View full post on Technical Analysis

Trade Idea Wrap-up: GBP/USD – Buy at 1.5085

admin — Thu, 08 Jul 2010 21:28:09 +0000

Despite 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 another rally later.

View full post on Forex Trading Ideas

GBPUSD: Correcting With Upside Bias

admin — Thu, 08 Jul 2010 07:16:28 +0000

Although 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 is expected to hold as View full post on Technical Analysis

Trade Idea Wrap-up: GBP/USD – Buy at 1.5105

admin — Wed, 07 Jul 2010 18:30:57 +0000

As 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) and possibly towards 1.5300/05 (61.8% projection) later.

View full post on Forex Trading Ideas

Trade Idea: GBP/USD – Hold long entered at 1.5150

admin — Wed, 07 Jul 2010 07:24:08 +0000

Failure 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 from 1.5227 has possibly ended.

View full post on Forex Trading Ideas

Trade Idea Wrap-up: GBP/USD – Buy at 1.5150

admin — Tue, 06 Jul 2010 20:29:52 +0000

As the British pound has maintained a firm undertone, suggesting recent upmove remains in progress and further gain to 1.5260 (50% projection of 1.4873 to 1.5230 measuring from 1.5081) is under way, however, near term overbought condition should prevent sharp move beyond 1.5300/05 (61.8% projection) and risk from there has increased for a retreat later.

View full post on Forex Trading Ideas