GBP/USD Overview : 09-26-2006

Today's market quite mixed for GBP/USD. Earlier at the Asian session, gbp rally to 1.9025 only, and it started to move down to 1.8985 already. I watched the market movement for the pair in Europe session, and gbp proved resisted at 1.8990/95. It could a "bearish" signal earlier today, since we were waiting for US consumer confidence which is expected to be better-than-last month reading (supporting the earlier bearish signal for the pair).If it is so, then, it is a support for dollar, exactly...
Try to sell at 1.8985 area, and otherwise, try to buy above 1.9000 area. Save trading : caught up with the trend...
Have a nice trading

Just like what I said earlier above...GBP/USD has gone as low as 1.8943, now it is at 1.8957, highest is 1.9025 at the Asian session only. It has gone bearish even the US consumer confidence data hasn't been published... I'm looking forward to the actual value of this news to confirm that today, dollar ruled...

Have a nice trading...

Really hope you are right...its up to 8970's now...I opened a posistion at 9016, hoping it would go down to 8927 at least

It is a good news for dollar...I believe you guys have already known, what to do right...Just as what I said above...

Didnt quite reach my target...about 5 pips away..now its retracing back up and i wasnt fast enough to manually close it ...hope it continues a down trend

This news, consumer confidence is a sign for dollar. A rebound catalyst for dollar to fight back...It must be bearish..Maybe, the reversal was a profit-taking only??