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    • Privet replied Mar 24, 2010

      New strategy : Sell at 1.5100, Target: 1.4930, Stop: 1.5165 Although the British pound dropped below support at 1.4929 to as low as 1.4875, as cable has recovered after failing to penetrate indicated support at 1.4873, suggesting minor consolidation ...

      Cable Update (GBPUSD)
    • Privet replied Mar 24, 2010

      Darling Announced a 2.5B-pound Spending Plan in Budget 2010 Chancellor of the Exchequer Alistair Darling reduced his forecast on UK’s budget deficit over the next 4 years. However, his outlook on economic growth was lower than that in December. In ...

      Cable Update (GBPUSD)
    • Privet replied Mar 23, 2010

      Enjoy ur analysis, my view: Support @ 1.5023 would hold for a bounce on 4hrs to 1.5156. that becomes the area of judgement for either a break or consolidation to the down side, anything short of this think twice our friend's.......... image [/ ...

      Cable Update (GBPUSD)
    • Privet replied Mar 22, 2010

      image H4 graph (dated 03/22/10) The pair is trading along a downtrend having the drop target at level 1.4780, and then at 1.4550. By going below levels 1.5120 and 1.5020 the pair finished the uptrend and changed bullish sentiment to bearish. Let’s ...

      Cable Update (GBPUSD)
    • Privet replied Mar 18, 2010

      British Pound / US Dollar 240 Minute Bars Prepared by Jamie Saettele The GBPUSD is approaching resistance from the 38.2% retracement of the decline from 16464; at 15425. This level is reinforced by parallel channel resistance. Additional resistance ...

      Cable Update (GBPUSD)
    • Privet replied Mar 18, 2010

      Original strategy Sell at 1.5445, Target: 1.5265, Stop: 1.5510 New strategy Sell at 1.5445, Target: 1.5265, Stop: 1.5510 O.C.O. Buy at 1.5140, Target: 1.5330, Stop: 1.5075 Despite yesterday's rise to 1.5382, the subsequent retreat from there ...

      Cable Update (GBPUSD)