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View Poll Results: What impact will the Bank of England Rate Decision have on the GBP/USD?

Voters
14. This poll is closed

  • Send GBP/USD Higher!

    8 57.14%

  • Send GBP/USD Lower!

    4 28.57%

  • The rate decision will not have a significant impact.

    2 14.29%
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Thread: Discuss the GBP/USD with a DailyFX Analyst

  1. 06-14-2012, 10:32 AM #23656
    root-minus
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    5M

    Attachment 133554


    quick bail if top is taken


    scalp towards 1.55220


    booked some
  2. 06-14-2012, 10:42 AM #23657
    Breeze
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    Positions

    Long EUR/JPY @

    100.50....Active Trade....Mental Stop Loss...Open Target
    100.14....Active Trade....Mental Stop Loss...Open Target
    99.92.....Active Trade.....Mental Stop Loss...Open Target

    Long GBP/USD @

    5544....Active Trade....Mental Stop Loss...Open Target
    5517....Active Trade....Mental Stop Loss...Open Target...Closed @ 5550....Profits Booked

    Long EUR/USD @

    2619....Active Trade....Mental Stop Loss...Open Target
    2593....Active Trade....Mental Stop Loss...Open Target

    Long US30 @

    12511...............Closed @ 12582....Profits Booked
    your future is in your own hands
  3. 06-14-2012, 10:50 AM #23658
    Alejandro Zambrano's Avatar
    Alejandro Zambrano
    Alejandro Zambrano is online now DailyFX Moderator
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    Here is a different view on GBP/USD which can be found in the DailyFX+ section

    Pivot: 1.5495

    Our preference: Long positions above 1.5495 with targets @ 1.5565 & 1.56 in extension.

    Alternative scenario: Below 1.5495 look for further downside with 1.547 & 1.5445 as targets.

    Comment: the pair is rebounding and should post further advance.

  4. 06-14-2012, 10:51 AM #23659
    Alejandro Zambrano's Avatar
    Alejandro Zambrano
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    Quote Originally Posted by Breeze View Post
    Long EUR/JPY @

    100.50....Active Trade....Mental Stop Loss...Open Target
    100.14....Active Trade....Mental Stop Loss...Open Target
    99.92.....Active Trade.....Mental Stop Loss...Open Target

    Long GBP/USD @

    5544....Active Trade....Mental Stop Loss...Open Target
    5517....Active Trade....Mental Stop Loss...Open Target...Closed @ 5550....Profits Booked

    Long EUR/USD @

    2619....Active Trade....Mental Stop Loss...Open Target
    2593....Active Trade....Mental Stop Loss...Open Target

    Long US30 @

    12511...............Closed @ 12582....Profits Booked
    I have seen that you have open target but do you have a view on how far we can reach?
  5. 06-14-2012, 11:08 AM #23660
    root-minus
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    5M FOLLOW THROUGH

    Quote Originally Posted by root-minus View Post
    Attachment 133554


    quick bail if top is taken


    scalp towards 1.55220


    booked some

    Attachment 133563

    further price action and analysis
  6. 06-14-2012, 11:24 AM #23661
    Breeze
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    Quote Originally Posted by Alejandro Zambrano View Post
    I have seen that you have open target but do you have a view on how far we can reach?
    I see lots of pressure on the 4hrs time frame...the 5539 pivot lvl of support has now acted as resistence...and my cycle theory trading style hasnt worked well with GBP this month, so thast why I rather check what everyones doing so I can get a clear picture...about the other pairs I'm willing to hold until I can get some confidence to place my TP points
    your future is in your own hands
  7. 06-14-2012, 11:27 AM #23662
    Breeze
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    Todays Executions & GBP Pivots on 4hrs time frame
    your future is in your own hands
  8. 06-14-2012, 11:27 AM #23663
    root-minus
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    Quote Originally Posted by root-minus View Post
    Attachment 133563

    further price action and analysis

    all out 1.55280
  9. 06-14-2012, 11:45 AM #23664
    JOHNNY VMAX
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    Hi Alejandro thanks for the welcome.

    On the 1.5550 short there was a nice reaction on the 15 min bar pushed down,and on the 4 hr chart seems to be capped at the moment 1.5580/1.5600 and still in overall down trend.

    Also like to see your Bulls vs Bears gives us all a good insite.
  10. 06-14-2012, 01:34 PM #23665
    Alejandro Zambrano's Avatar
    Alejandro Zambrano
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    London session review and outlook June 14 - 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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  11. 06-14-2012, 03:12 PM #23666
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    Quote Originally Posted by Bignatx View Post
    Heres what im seeing for GU. I prefer the green path. Stickin around the 61.8 Fibo just makes me think were gonna eventually make our way through. The bottom Trendline breaks and Ill assume the trend is headed back down.
    Attachment 133431
    Looks like it gonna take my preferred green path for now. Very common overthrow on bottom trendline. Now watching Green and orange paths
    Brian Jimerson
    FX-Trader
  12. 06-14-2012, 03:12 PM #23667
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    Talk of Coordinated Central Bank Action to support markets

    Talk of Coordinated Central Bank Action to support markets in face of Greek election uncertainty.
    Anti-bailout Greek candidate losing some ground to pro-austerity candidate.
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  13. 06-14-2012, 03:31 PM #23668
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    What a Spike! Who is Still Short GBP/USD?

    What a Spike! Who is Still Short GBP/USD?
    Last edited by Gregory McLeod; 06-14-2012 at 03:34 PM.
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  14. 06-14-2012, 03:40 PM #23669
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    spike

    i dought it, that was like ireland coming off half time 2-0
  15. 06-14-2012, 03:59 PM #23670
    root-minus
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    Quote Originally Posted by Gregory McLeod View Post
    What a Spike! Who is Still Short GBP/USD?

    looks very much like my ex
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