Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by Mary R

That's what i am thinking also. There is alot riding on the statement from the Fed tomorrow - On a scale of 1 to 10 Bernanke has been dovish at a level of 10+. If he scales it back just a little with some subtle statement changes it would probably strengthen the dollar.

Hi Mary,

That is my primary scenario. OTOH - if cable breaks 1.634 this would most likely mean inverted MTD(12)/LTD6 bottom in with ITD5 bottom - that would be very bullish

Patryk

Hi everyone,

We`re going to ITD7 bottom now - if an inverted MTD (12) bottom is to come, march the 18th could be a bottom day.

Patryk

hi what do you think ?

Cable Bouncing from Double Bottom?

Hello MOZI32,

GBP/USD has found support in that 1.5974 area after testing it twice. It seems that GBP/USD could move higher as a result. If 1.5974 is violated, then your bearish scenario could come into play. That's just my opinion.

thanks very much Gergory , good point , but i will wait to confirm by break 6200 or 5970

Originally Posted by MOZI32

thanks very much Gergory , good point , but i will wait to confirm by break 6200 or 5970

You are welcome MOZI32. Waiting for a break of either level is a wise move. Sometimes the best trade is no trade at all!

well,

This information is kinda off topic - but decide for yourself if this is cable bullish or bearish:

there are 1 760 tons of spent fuel rods at Fukushima 1 and 1060 tons at Fukushima 2.

http://www.nirs.org/reactorwatch/acc...powerpoint.pdf

Patryk

We recently resolved a technical issue and sincerely apologize for the connectivity issues experienced this week. Markets have been very active and the DailyFX forum community looks forward to your posts!



Thank you for your patience

Greg McLeod,
Daily FX Forum Moderator

I'm short with a 400 pips price target around 1.55ish. With this volatility I may get lucky and see this 2nite!

Will GBPUSD Triangle Breakout Reach Projection Target?

Originally Posted by Gregory McLeod

Will GBPUSD Triangle Breakout Reach Projection Target?

I stole your chart and reworked it. How about this? Doesn't really matter, though, same end result, however, mine comes in at 1.6281
http://www.tafool.com/Charts/gbpusd03171115m.gif

Could Weaker Canadian Economic Data Give GBP/CAD a Lift Higher

Originally Posted by TAfool

I stole your chart and reworked it. How about this? Doesn't really matter, though, same end result, however, mine comes in at 1.6281
http://www.tafool.com/Charts/gbpusd03171115m.gif

You are amazing! Wonderful!

Originally Posted by Uber FX nUblet7

I'm short with a 400 pips price target around 1.55ish. With this volatility I may get lucky and see this 2nite!

What a disgusting break lol. I closed out for -6 pips. Not bad, I'm still hunting for a new entry short. Same target 155.00

hi - testing connection

edit:

ok - here we go - delta:

If we make it above 1.62 ITD5 is most likely MTD (12) bottom as well, hence we`re going to MTD12/LTD5 top. I`ll be looking for a short position arround 01.04.11 (Sq9 date) and 03.04.11 (new moon).

Weekly 100 Ema once again acted as a formidable resistance.

We have a MTD inversion time period so price action may be brutal.

edit: I swear I hate this new forum software! - Second chart is the right one - how can I get rid of the one I don`t want to post?????

PatrykAttachment 83493