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By James 'Rev Shark' DePorre, greenfaucet.com

Famed market commentator and CEO of SharkInvesting.com James 'Rev Shark' DePorre, provides weekly insight on where he thinks the markets are going and how to navigate through the financial seas. In this episode, Rev discusses how the market is interpreting recent FOMC announcements. He also shares some bullish picks in a hot sector!

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GBP/USD: 1.4820

Last Update At 30 Apr 2009 15:34 GMT

Despite cable's brief but strg rebound fm
1.4703 to 1.4859 due to cross buying in sterling, subsequent retreat suggests consolidation with downside bias remains n weakness to 1.476070 is likely, below wud extend to 1.4730/40.

Sell at market with stop as indicated n only
abv 1.4859 wud defer n bring gain to 1.4889...

Range Forecast
1.4780 / 1.4830

Resistance/Support
R: 1.4859/1.4889/1.4949
S: 1.4703/1.4686/1.4648

[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,3234. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should find a support above 1,3225 (9 pips). If the support breaks then the target will be 1,3150 (84 pips). [/LEFT][INDENT][LEFT][B]Resistances[/B]1,3340 - 1,3395[B]Supports[/B]1,3225 - 1,3150[/LEFT][/INDENT][LEFT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL][/LEFT][CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER][LEFT][SIZE="5"]GBP/USD - British Pound Dollar[/SIZE]1,4800. GBP USD is in a consolidation after ...

[LEFT][SIZE="5"]EUR/USD - Euro Dollar[/SIZE]1,3294. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,3340 (46 pips). The consolidation should continue. The price should continue to move in 1,3235 / 1,3340 range. [/LEFT][INDENT][LEFT][B]Resistances[/B]1,3340 - 1,3395[B]Supports[/B]1,3235 - 1,3090[/LEFT][/INDENT][LEFT]more information on [URL="http://www.mataf.net/en/forex-eurusd.htm"]EUR/USD - Euro Dollar [B]Click Here[/B][/URL][/LEFT][CENTER][IMG]http://www.mataf.net/section/devises/page/images/eurusd.png[/IMG][/CENTER][LEFT][SIZE="5"]GBP/USD ...