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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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GBPUSD Archive
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Trade Idea Wrap-up: GBP/USD – Buy at 1.5150
Posted on July 6, 2010 | No CommentsAs 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)... -
GBP/USD: Pullback Suggests Possible Double Top
Posted on July 6, 2010 | No CommentsThe GBP/USD pair is at a resistance area of 1.52, and has so far paused the current rally that started in mid-May. The latest video update noted a 1H chart head and shoulder pattern. After the break below, there is a pullback, and I was... -
Trade Idea Wrap-up: GBP/USD – Buy at 1.5010
Posted on July 5, 2010 | No CommentsAs the British pound has continued to move lower, adding credence to our view that top has been formed at 1.5230 last Friday and correction to the Ichimoku cloud bottom (now at 1.5044) would be seen, however, reckon 1.5005/10 (approx. 61.8% Fibonacci retracement of 1.4873... -
GBPUSD: Sets Up For Further Recovery
Posted on July 4, 2010 | No CommentsGBPUSD: Having held firmly above the 1.5052 level, its May 10′10 high and traded to a high of 1.5227 the past week, it now looks to head further higher towards its falling trendline located at the 1.5345 level. Another resistance level before this one is... -
Trade Idea Update: GBP/USD – Buy at 1.5100
Posted on July 3, 2010 | No CommentsAs the British pound has maintained a firm undertone after breaking resistance at 1.5199, suggesting further gain to 1.5241 (38.2% Fibonacci retracement of 1.6879 to 1.4228) and then towards 1.5290 would be seen, however, loss of near term upward momentum should prevent sharp move beyond... -
GBPUSD: Bullish Momentum To Target The 1.5308 Level
Posted on July 3, 2010 | No CommentsAs a sharp rally saw the pair wiping out its corrective weakness from the 1.5127 level to close higher at 1.5161 on Thursday, risk of further strength is now set to extend towards the 1.5308 level, its May’10 high. This price action has resumed GBP’s... -
Trade Idea Wrap-up: GBP/USD – Buy at 1.5095
Posted on July 3, 2010 | No CommentsAs the British pound has eased after intra-day brief rise to 1.5230, suggesting minor consolidation would be seen and pullback to intra-day support at 1.515 and then the Kijun-Sen (now at 1.5137) cannot be ruled out, however, reckon renewed buying interest would emerge around 1.5090/95... -
GBPUSD: Bear Pressure Remains In Progress
Posted on July 1, 2010 | No CommentsCorrective pullbacks of its run from the 1.4226-1.5127 level continues to shape up as the pair was seen maintaining an offered tone in early trading today. With that said, we expect its present offered tone to fade and bring further upside towards the 1.5308 level,... -
Trade Idea Wrap-up: GBP/USD – Sell at 1.5055
Posted on June 30, 2010 | No CommentsIntra-day cross-inspired decline signals a temporary top has been formed earlier at 1.5130 and consolidation with downside bias is seen for retracement of recent rise to 1.4961 (38.2% Fibonacci retracement of 1.4688 to 1.5130), below would extend weakness towards 1.4909 (50% Fibonacci retracement), however, reckon...