Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by Alejandro Zambrano

I jumped on the bandwagon this morning - its looking good

Originally Posted by Gregory McLeod

GBP/USD Hitting Resistance- Bears May Get Another Opportunity to Take Pair Lower

Originally Posted by Gregory McLeod

I went ahead and got short, I might have pulled the trigger too early, would not be the first time. However, I think your 1.6050 is a good price target as it was an area of consolidation. Cable got a big head start on the Euro with this run up so it may be the first to start moving down. That's just my two pips!

Are you in anything now?

Originally Posted by Gregory McLeod

I am short GBP/USD at 1.6110 with Limit at 1.6012, Stop 1.6186

GBP/USD in Dive Mode!

Who took the southbound train on GBP/USD? 80 pips is a good haul!

It's that Time Again Folks. Since we don't have Real time SSI, let's do the
LIGHTNING ROUND

Only tell us if you are Long, Flat or Short the Euro or another currency pair

No chart is needed and if you have a spare moment, tell us your entry price, stop and Limit.

This is just a real fun and fast posting!

Enjoy!

I am Flat Euro exited too early 1.2840!

Originally Posted by Alejandro Zambrano

I jumped on the bandwagon this morning - its looking good

Closed out on limit as I was on lunch

5 min

Originally Posted by Alejandro Zambrano

Closed out on limit as I was on lunch

5 min

Also closed on 1.60250 as I tought it was a good advise. Gain 100pips. Thanks!

I am short the GBP/USD from 4/30

sold - 1.62827
stop - 1.62492
Target - 1.6005 getting close

When/if it hits my take profit I am looking to reverse course and go long around 1.6000

AB

Originally Posted by Bart3s

Also closed on 1.60250 as I tought it was a good advise. Gain 100pips. Thanks!

Thank you Bart Yes 100 pips is very good - we might drop just a bit more as the EUR/USD has more downside potential - but we pay a lot for a few extra pips.

Anyone looking to trade the GBP/USD or do you think it had a big enough drop today?

Originally Posted by Alejandro Zambrano

Anyone looking to trade the GBP/USD or do you think it had a big enough drop today?

IMO threre´s not too much to expect from $GBPUSD until it moves down to 61,8% fib for a bounce or up above 50% fib, I rather trade the breakout on $EURGBP, as this pair is trying to make new lows now

My shorts on $EURGBP were just trigered

IMF's Lagarde says the IMF "hopes" Greece doesn't leave the Euro; says the ECB has room to maneuver on lowering key rates.

What will be the impact for this news against GBPUSD?

London session review and outlook May 15 - 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.




Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

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Hello Traders! What a roller coaster of a market. I was looking a +70 on Dow Futures and thought we were going to have a risk on day. But alas, Greek political chaos derailed European equities and the Euro.

SSI continues to speak truth. Is the Face Book Risk Rally Hopium or something to look forward to?

What are your thoughts?

Alejandro: $GBPUSD is now sitting on that 61,8% fibo level. I have no entry yet but will keep my eye for a move here.

closed short at 1.6005 will reshort near 1.6060/70 tom if we reach before the FEd still looking lower .

Good lcuk

Sometimes im wondering why is this place so dead?
When I started to trade I was looking for forex website to read some other people´s analysis and opinions.. and so far I find this one the best.. so why is forum on the most commercial Forex website so dead? I mean.. there are millions of traders out there!