View Poll Results: What impact will the Bank of England Rate Decision have on the GBP/USD?
- 14. This poll is closed
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03-19-2008, 09:23 AM #2776
I am out here at 1.9940 +300
03-19-2008, 09:54 AM #2777
Look for action at 1.9891 - likely support.
03-19-2008, 10:37 AM #2778
nice call sweet trade Black. I am starting to turn bullish cable bought into the 1.9930 as silly as it may sound target would be 2.06
Originally Posted by Black.day
Breaking 1.9850 would negate this as it means further more complex correction is needed. The argument is simple, Cable has taken all it can from bad to horrible bearish news shorts have been having a blast and downside momentum is fading.
03-19-2008, 10:59 AM #2779
I'm not bullish Cable but I agree with the lower level you have there. Today again Cable is being lent on with Sterling being sold off in the face of +ve carry - not a good sign, wouldn't you say? I'll be looking to sell rallies from here and also looking to jump on in with momentum trades if they start to pick up the pace.
03-19-2008, 11:06 AM #2780
hi st fx & djindyfx,
can i get input fm u technically on gbp now.
want to reconfirm my system signal.
cos yr expert view & experience can lead thru & learn more
tks panda eyes.
03-19-2008, 01:53 PM #2781
Relentless hedge fund selling on cable, all based on Rumor UK bank in financial trouble combined with the vote. Eventually, taking profit will kick in might be better luck tomorrow stops just kept getting chased.
03-19-2008, 03:11 PM #2782
Can't agre with you more. Doesn't seem to matter what the rest of the market is doing, the pound just keeps getting smashed. Best to stand aside until it get sorted out.
Originally Posted by Q8FXjunkie
03-19-2008, 04:15 PM #2783
Let's see if I got this right. The Dow gains 400 points yesterday and the cable drops 210 pips.
The Dow loses 300 points today and cable drops another 260 pips.
Boggles the mind.
03-19-2008, 05:04 PM #2784
Panda.. Look at an 8 hour chart.. Add an Envelope of a 55 time frame and add the 180 Simple moving average.... Also add the simple moving aver age of 55 time frame too.
Originally Posted by Panda Eyes
Look at the chart and then tell me what you see... Do you see Entry and Exit points?.. Bottom resistance at 1.9750 Anything under this point and I am going to short.
03-19-2008, 06:24 PM #2785
Hopefully we don't see a repeat of the range from Feb 26 - Mar 5. It's right at that point now.
03-19-2008, 07:29 PM #2786
Long 1.9870. Looking for 1.9985 Will take a Short if Breaks out below 1.9856. Limit at 1.9688
03-20-2008, 02:11 AM #2787
Posted at 03/19/2008 09:44:08 PM EDT (3/20/08 1:44 GMT)
CABLE TECHS: Recent decline could extend towards $1.9743
RES 3 $2.0026 Hourly res
RES 2 $1.9945 17 Mar low
RES 1 $1.9887 Hourly res
CURRENT LEVEL: $1.9816
SUP 1 $1.9802 19 Mar low
SUP 2 $1.9743 61.8% r of $1.9337-2.0399
SUP 3 $1.9722 05 Mar low
COMMENTARY: Price trading below both 21-hr 55-hr emas on hourly chart
suggesting decline from $2.0399 (March 14 high) to retrace recent upmove.
May extend towards $1.9743 (61.8% of $1.9337-2.0399) but anticipated
oversold readings on hourly oscillators should prevent steep fall below
$1.9722 support. Website: www.trendsetterfx.com.
03-20-2008, 02:40 AM #2788
hi panda eyes here...
Originally Posted by djindyfx
so may i ask u, u r short the pair now?
03-20-2008, 03:20 AM #2789
are we going long or short any idea
are we going long or short on gbp/usd now any ideas
03-20-2008, 03:42 AM #2790
hi st fx, djindyfx, black day,
fm yr system, can u tell if the gbp strength now is exhausting to go up or
exhausting to go down?
yr input will help me learn a lot.
million tks panda eyes
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