Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by Breeze

Here we go...GBP PIVOT POINTS

Mate am looking at the same thing lets hope we reach the level without it leaves us behind.

Originally Posted by Alejandro Zambrano

Mate am looking at the same thing lets hope we reach the level without it leaves us behind.

Date: 2012/06/19
Time: 13:52 (GMT +1)
Ticker: GBP
Last: 1.5682
Pivot: 1.56
1st sup. 1.56
2nd sup. 1.5535
3rd sup. 1.547
1st res. 1.573
2nd res. 1.5775
3rd res. 1.58
Title: GBP/USD intraday: bullish bias above 1.56.
Summary: Update on supports and resistances.
Story: Pivot: 1.56

Our preference: Long positions above 1.56 with targets @ 1.573 & 1.5775 in extension.

Alternative scenario: Below 1.56 look for further downside with 1.5535 & 1.547 as targets.

Comment: the RSI is bullish and calls for further upside.

Key levels
1.58
1.5775
1.573
1.5682 last
1.56
1.5535
1.547

Which UK News Events Are you Watching for Your Next Trade?

Current S&P 500 Level 1358 = 1365 more dollar weakness (for now)

Longing successfuly from 1,56960.
Hope noone did miss the move!!

Originally Posted by Luxuriant

Current S&P 500 Level 1358 = 1365 more dollar weakness (for now)

Fell short of 1358 on the S&P 500 time to short EUR/GBP
Peace

Originally Posted by Luxuriant

Fell short of 1358 on the S&P 500 time to short EUR/GBP
Peace

Still holding my EURGBP short from weekend. Most gains were retraced as I am up only 4 pips now.

Originally Posted by Luxuriant

Current S&P 500 Level 1358 = 1365 more dollar weakness (for now)

OOPs just hit 1358. Should go higher now like 1365. LOL

Originally Posted by Allan Tuscany

Longing successfuly from 1,56960.
Hope noone did miss the move!!

Nice call. Muchos gracias for the Spanish bond auction rally

That was some nice bull moves. I went flat now, maybe play the fade down near the US market close.
Hope everyone gathered some pips

Peace

Originally Posted by Alejandro Zambrano

Mate am looking at the same thing lets hope we reach the level without it leaves us behind.

I have cancelled my pending order....Cbl looking strong

Originally Posted by Breeze

I have cancelled my pending order....Cbl looking strong

Originally Posted by Gregory McLeod

Date: 2012/06/19


Our preference: Long positions above 1.56 with targets @ 1.573 & 1.5775 in extension.
Alternative scenario: Below 1.56 look for further downside with 1.5535 & 1.547 as targets.
Comment: the RSI is bullish and calls for further upside.

Hello Breeze,

I missed out the cable move but went long EUR/USD instead. I agree with you Greg and the DailyFX plus outlook - look to buy a dip that does not exceed under this mornings low

My session history for today...

Originally Posted by Breeze

I have cancelled my pending order....Cbl looking strong

There may be a little bit of gravy left. Breaking out a biscuit to clean the plate!

Originally Posted by Gregory McLeod

There may be a little bit of gravy left. Breaking out a biscuit to clean the plate!

its leaving on that midnight train to London...haha...all aboard except me...