Looks like a break of the top of the triangle is likely in my opinion.

EURUSD

Watch this ascending triangle for break up or down; could possibly be important for a directional move.

EURUSD

The Committee of European Banking Supervisors, which is overseeing the tests, is scheduled to release the criteria and the results from 5 p.m. London time today. url

EURUSD

CNBC reports that aggregate results out at 16:00 GMT, individual at 16:30 GMT Written by Jamie Coleman July 23, 2010 at 14:16 GMT We will get the pass/fail figures at 16:00 GMT as well as the amount of capital that will have to be raised in in the ...

EURUSD

The smart thing to do would be to ask on a targeted forum as to find advice from a person who would have done lots of hours of research before hand. That is what he has done, give him a break.

Cable Update (GBPUSD)

There is apparently a Bloomberg article that highlights the fact that the stress tests are not taking into account debt held in banks “held to maturity” portfolios, just bonds held in trading books. That of course, is nuts, but that’s the way the ...

EURUSD

It's just a matter of time, but I like to state very high probability trades and the 90.00 target is very high probability, in my opinion. So one could take a position now or cost average into the position and T/P at 90.00 and let it run; long term. ...

USD/JPY Discussion

A sell off in US equities has caused people to buy the JPY in risk aversion.

USD/JPY Discussion

There is quite a bit of volume for little movement which shows there's a lot of pushing and shoving between the bulls and the bears at the moment; a fight; indecision.

USD/JPY Discussion

For position traders here or options traders, I think it's highly likely to reach 90.00 within the next 6 months. You can see it's really testing 86.95 from that stop and reverse from this level on the first of July, and then the other big level of ...

USD/JPY Discussion

Gerry Davies - url

Cable Update (GBPUSD)

A big US bank also was said to have bought the EUR/GBP at 0.8315 which would have put pressure on the GBP/USD cross.

Cable Update (GBPUSD)

I believe the reason it fell from the 1.5110 initial daily high was because of profit taking, and because a UK clearer was taking profit at that level.

Cable Update (GBPUSD)

There doesn't have to be any particular reason, just some big buyers deciding to buy. We can't control or understand everybody who is buying and selling and their reasonings.

Cable Update (GBPUSD)

A lot of money went into buying a few minutes ago.

Cable Update (GBPUSD)

What's funny about this?

Cable Update (GBPUSD)

This could easily become a bull flag with the last move being the pole. There could be a bit of ranging, even consolidation, then a further move up. The NY open will decide.

Cable Update (GBPUSD)

Are you cost averaging this position you're in?

Cable Update (GBPUSD)

I suggest you take the next two days off so you don't blow that money on a trade made out of elation (i.e. a poor trade made from an emotion of invincibility).

Cable Update (GBPUSD)

Generally I'm bullish on this pair. In my opinion I believe 1.5's is undervalued and I think 1.6 is a fair price at this time. The pair dropped a lot on Friday due to risk aversion over the weekend, especially as China data was being released. I do ...

Cable Update (GBPUSD)