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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06-11-2008, 09:58 AM #3496
06-11-2008, 10:05 AM #3497
thereafter will play sideway for finding new trend resis vs sup
06-11-2008, 10:16 AM #3498
Fake, fake, fake Short .9650 SL .9709
06-11-2008, 10:47 AM #3499
First limit long was triggered on the dip just below 1.95 early this morning, I assume because of the GBP trade news release?
+100 pips on it now, shooting for +1.97, S/L moved up to +50pips (around 1.956ish) as I don't have access to my broker during the day.
Last edited by sam0182; 06-11-2008 at 11:05 AM.
06-11-2008, 10:56 AM #3500
Will Hit the 1.97+ today? anyone please....Help on Charting.
06-11-2008, 02:35 PM #3501
It definitely needs to make it through this 1.965 resistance first off. A good close above that and I can see price continuing upwards to 1.97.
06-11-2008, 11:41 PM #3502
Closed earlier this evening for +102pips. The resistance at 1.965 was holding and it just didn't seem to be working out.
Originally Posted by sam0182
Looks like this thing will have to sail further towards the support mentioned earlier (1.945 range) and with the help of poor US retail sales tomorrow, maybe we can get on up to the 1.97 (or higher) range.
Below is screenshot of my entry and exit...
Good evening everyone and good luck on this one.
06-12-2008, 12:47 AM #3503
GBP/USD On Uptrend Today
GBP/USD On Uptrend Today...
RSI7 - Low To Buy and find for 100 pip today on poor economic data on USD
Any good comments from member please...
06-12-2008, 05:10 AM #3504
Moved SL to b/e but looking to close this position very soon ...
Originally Posted by Black.day
06-12-2008, 05:39 AM #3505
06-12-2008, 05:53 AM #3506
Wow, black.day, you're on a roll today! Well done!
Seems like 9360 is a possibility in the coming days, though probably not today considering the hour chart.
06-12-2008, 07:15 AM #3507
Short order set for .0476 SL .0576
06-12-2008, 08:50 AM #3508
06-12-2008, 09:00 AM #3509
Looking to play short term
Just joined in, looking to play short term on GBP/USD pair. 9472 look good for a USD sell for GBP?
06-12-2008, 09:17 AM #3510
The dollar and its majors are very active this morning. I'm seeing significant breaks in both AUDUSD and USDJPY; but the others are still bound to their major ranges. So, given this activity, should GBPUSD finally break from its wedge this time around, or is this yet another good range trade opportunity?
I'm seeing consumer confidence (which is likely to be worse) and CPI (which has a close connection to Bernanke's hawkish rhetoric this week and could therefore drive interest rate expectations highs...) this week. Can these numbers drive not only this pair but the EUR, CHF, CAD out of their wide ranges?
I think the ranges could last at least for a while, but I feel more comfortable in expressing that through a short USDCHF position.
What do you think Black.day? Finally a break this week, or keep with the range?
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