Come with me if you want to live....
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Gbp/nzd,gbp/usd,nzd/usd analysis 3 replies
Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies
History Data Usd/gbp Not Gbp/usd 2 replies
DislikedOver the weekend, I suggested in the cable thread that the price is likely to go down in the near term mainly due to the problems associated with the euro. However the price has moved sideways so far and it could go either way. So I am staying out
I have had better luck with GBPJPY since the start of the month and therefore concentrating on that pair more this week.Ignored
DislikedTodays price action shook a few pennys out of my pocket with a 25 pip loss after getting within 3 pips of my target.
Tuesday refused to break lower and a bullish head and shoulders on the 1hr chart looks like it maybe the next play.
Being a tech trader, this is my view.
1.5618 area is shared by the 50 fib retrace of Junes high and 61.8 retrace of Julys high (weekly chart) and would complete the bullish H&S move nicely.
Lets see how she plays out.....Ignored
DislikedHave adjusted TP on both trades to 5568.
I don't want to try and "force" price past those weekly closes right on the 38.2 retrace, not with the strong bearish weekly close we had last week.Ignored