145 will give some pretty strong Resistance and so will 4739 to make it to 4900

Time 2 buy .

Good Luck

it can also drop to 1.39 just as easy, we have no liquidity in the market which makes it scary to trade

great analysis.

i'm with you hope we all got nice profit this week with LONG position .Based On candlestick pattern on weekly this candle should be closing with BULLISH pattern.

Attached Thumbnails

 

 

Looks for me as a regular divergence? Any ideas?

hi

short? for me the GBP anytime will spike up..maybe a few minute from rite now

1st target 1.4300 next 14550 next 1.4900 level

Attached Thumbnails

 

I think it will touch 1.4060 or so first, THEN back up to 1.4600 or so. I get this from looking at the daily chart. Not that I'm any expert at all though.

yes if still move in flat range as i posted my chart above but on the way to upmove.

flat range 1.4100-1.4300. i only LONG on Bottom.that mean if down i will attemp LONG rite now but im not hold my position.i just hit and run

Yes, me too. I post my ideas in the Scalping forum about 'hit and run.'

hi beeryboogy and all great traders.

yes that is great strategy nowadays.

p/s sorry guys i cannot post anymore today maybe until next week. i should go to kuala lumpur today.my partner waiting for me there.see you very soon. gud luck.

best regard
lovelyforex 4all

hi beeryboogy and all great traders.

I think there is room for downlink. I think it will touch 1.4060.This location are Fibonacci retracement of 38.2%.Now the price of 1.42749.May be increased to 1.4300--1.4320.I chose 1.4320 to sell.

Some personal opinions. Please correct me.

Could somebody please tell me why inflation in the U.K. remains higher than some of the other developed countries?

In short, it's mainly due to higher import prices caused by sterling's sharp depreciation over the past year.

The cost of non-oil goods imports to the UK actually rose by close to 15% in 2008. Obviously, with collapsing consumer demand, much of the increase was absorbed by companies, hurting their margins, rather than attempting to pass through to the end user.

__________________
When the facts change, I change my mind. What do you do, sir?

John Maynard Keynes

Thanks Paul,

I didn't really think about importing inflation due to a weak currency. The Japanese economy has hit rock bottom with a 12.7% decline in GDP. I just don't see any reason why anybody would want to buy the YEN. The AUD has formed a nice long base. The weakening YEN makes AUDJPY more attractive. Could it be that the AUD is the last man standing? China is stockpiling many commodities like Iron Ore, Copper, and Oil. Obviously they are planning for growth. I'm not very bullish the EURUSD because they export high value products and the economy is at a standstill. But I do think this commodity story is interesting.

I have never studied the mix of commodities that the U.K. exports. Could a reflation in commodity prices stop the slide in the sterling?

When President Roosevelt was elected in 1932 his economic team decided that they didn't want prices of stuff to go lower and the easiest way to arrest the depression was to make commodity prices go up. So they increased the price of gold which was fixed by the government at the time. That was their way of printing money. It worked and the CPI rose immediately. I'm beginning to wonder if enough monetary stimulus has been provided to ignite inflation and money flows into the commodity currencies. Is the Federal Reserves monetary stimulus finally gaining traction?