Hmm..what fundamental or technical reason did you see that made you go long at this stage?

Cable Update (GBPUSD)

Yup..I got another short at 9790 as well. Lets see where we end up in an hour. TP1 at 9610 for the time being. Fingers crossed!

Cable Update (GBPUSD)

I have a short position which was opened at 9845. Looking to add one more at 9785. SL 9825-ish. 1st TP in the region of 9650 hopefully after bad housing news. obviously we need to see a clean break of 9725 first. I still think g/u will have another ...

Cable Update (GBPUSD)

9780-9800 seems quite strong resistance. Good luck.

Cable Update (GBPUSD)

Regardless whether g/u comes back down to 9600 level or not, it looked overbought on the 1h chart and nice correction is due to atleast 9810. If today, Dow's corrective bounce actually materialise then priceaction's chart earlier shows a nice ...

Cable Update (GBPUSD)

Is it possible for g/u and e/u to move in opposite directions? That's how the fundamentals look anyways. I think even if g/u recovers today, it will be due to $ weakness and rallies are still a good sell as long as 2.005 remains unbroken.

Cable Update (GBPUSD)

Please bear with me, I am relatively new to this. I can uderstand inflation due to higher import prices but what exactly do you mean by "non-producing retail economy"? I mean the fact that you need to import raw materials shows that you are ...

EURUSD

Don't think we are going South until AUD has tested 9400. According to my reading, we could very well see the pair move to 9500 before making any substantial correction. Current break of 1.50 in EUR highlights the fact that more USD lows against ...

AUD/USD

It is risky to expect g/u to go crashing down unless we see a close below 9600 on 4hour chart. Technically 9600 is a strong support area. Howver if stocks start selling off then no technical indicator will be able to save GBP today.

Cable Update (GBPUSD)

If G/U is definately down, what will happen to A/U. That seems to be heading closer to 9100. Will other USD pairs drop big time too? I am guessing commodity currencies falls will be limited.

Cable Update (GBPUSD)

If it is bearish, how far do you expect g/u to test before continuing to fall?

Cable Update (GBPUSD)

Abu Awad, The 4h candle didn't close below 9590 on my chart. Did it close below that level on your chart?

Cable Update (GBPUSD)

Same here. Looking to target 9300. I was expecting a retracement to 50% fib from the drop. Seems like we might get close to 9545 and hope that it doesn't break above 9550. Otherwise...

Cable Update (GBPUSD)

Yup, you need to give respect where is it due. To be frank big shot analysts from JPM were also recommending buying Sterling at dips, thinking it would recover back to 2-2.01. Now eventually it might do that but from the recent price action 9200 ...

Cable Update (GBPUSD)

Looks like you were right about AUD as well . How much are you expecting G/U to fall today...9350?

Cable Update (GBPUSD)

I know what you are trying to say but I had opened 2 long positions at 8880 (61.8% of 8510-9099) and already took some profit. So there is little risk for me at the moment. Although your GBP prediction in the other thread is legendary, so with all ...

AUD/USD

By the way an hour ago BBC reported that Congress has passed the 167bn economic stimulus package. Confidence should return to markets on friday resulting in AUD rally...

AUD/USD

Technical prespective...care to go into details? If you are talking about candlestick patterns then this should confirm that the past two daily candles are not very reliable. url

AUD/USD

What do you think is the long term trend in AUD/USD? I am talking about weeks not mere hours. It is stilll very much bullish although there is a chance it might test 8850 before continuing the long term trend.

AUD/USD

Don't you think because both Euro and Pound is falling, with more interest rate cut in the future, investors would want to park their money in a high yielding currency like AUD or NZD? I think 8880 can be a good support for another rally up. ...

AUD/USD