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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. 07-02-2012, 12:02 PM #24031
    Breeze
    Breeze is offline Member
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    Todays UK Session History & Forex Positions Held

    Long GBP/USD @
    5672

    Long EUR/USD @
    2622

    Momentum points to the upside....any dips will be an opportunity to enter longs.
    your future is in your own hands
  2. 07-02-2012, 12:40 PM #24032
    Alejandro Zambrano's Avatar
    Alejandro Zambrano
    Alejandro Zambrano is online now DailyFX Moderator
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    London session review and outlook July 2 - 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)
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  3. 07-02-2012, 03:56 PM #24033
    root-minus
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    sold 1.56155


    not giving it much
  4. 07-02-2012, 04:05 PM #24034
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    scalping fool
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    Quote Originally Posted by root-minus View Post
    sold 1.56155


    not giving it much
    Joined you at 5707, will watch closely
  5. 07-02-2012, 04:07 PM #24035
    STORMTROOPER's Avatar
    STORMTROOPER
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    root-minus

    Do you mean 1.57155?
  6. 07-02-2012, 04:08 PM #24036
    root-minus
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    Quote Originally Posted by scalping fool View Post
    Joined you at 5707, will watch closely

    Attachment 136667


    should visit 1.56870


    possibly 1.56710 scalp tg
  7. 07-02-2012, 04:16 PM #24037
    STORMTROOPER's Avatar
    STORMTROOPER
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    Short @ 1.57120

    Short Entry Order filled @ 1.57120
    Stop Loss moved to Break Even
    Target @ 1.56820 +30pips
  8. 07-02-2012, 04:17 PM #24038
    root-minus
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    Quote Originally Posted by STORMTROOPER View Post
    root-minus

    Do you mean 1.57155?
    yes, sorry
  9. 07-02-2012, 04:18 PM #24039
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    scalping fool
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    Thanks for the chart root-minus, I have the 50% fib for the session at 5683, good level confluence

    Yes, my s/l set for even too!
  10. 07-02-2012, 04:25 PM #24040
    root-minus
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    Quote Originally Posted by scalping fool View Post
    Thanks for the chart root-minus, I have the 50% fib for the session at 5683, good level confluence

    Yes, my s/l set for even too!

    glad we are all catching some cable
  11. 07-02-2012, 04:47 PM #24041
    root-minus
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    Quote Originally Posted by root-minus View Post
    Attachment 136667


    should visit 1.56870


    possibly 1.56710 scalp tg

    Attachment 136678


    lower out


    secured
  12. 07-02-2012, 05:04 PM #24042
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    scalping fool
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    Let it stop out for 10 pips (5697), GU is tricky but with patience it can be worked, 5 trades for 52 pips this session to compliment my AU trades.
  13. 07-02-2012, 05:07 PM #24043
    root-minus
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    Quote Originally Posted by scalping fool View Post
    Let it stop out for 10 pips (5697), GU is tricky but with patience it can be worked, 5 trades for 52 pips this session to compliment my AU trades.


    then you ain't no fool
  14. 07-03-2012, 02:51 AM #24044
    Breeze
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    Positions

    Good Afternoon All....heres a chart...I'm still holding the same positions as yesterday
    your future is in your own hands
  15. 07-03-2012, 04:43 AM #24045
    Alejandro Zambrano's Avatar
    Alejandro Zambrano
    Alejandro Zambrano is online now DailyFX Moderator
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    GBP/USD July 3 - 2012


    Bullish traders are controlling the pair and as long as we trade above 1.5640 which is short term support we can reach 1.58. In case we trade under 1.5640 then price should correct to the 1.5550 area before bouncing. The overall trend is bullish as long as we trade above 1.5480. In case we trade under 1.5480 price will turn bearish and we see little point of being long GBP/USD.


    If you have any questions about this scenario or anything else trading related feel free to write to me here on the forum.

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    GBP/USD 60 min chart


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