GBPUSD is facing 1.5891 support

Source: feedproxy.google.com

GBPUSD is facing 1.5891 support, as long as this level holds, the fall from 1.6164 is treated as consolidation of uptrend from 1.5272, and another...


Read more...

  • Blow-off top and bottom in less than 24 hours

    Blow-off might be a bit strong, but looking at 5 minute bars, we got these sort of mini blow-offs yesterday as the market ran stops above 1.4150 and this morning below 1.3940. We are now consolidating around the 38.2% retracement of the drop from 1.4177 to 1.3934. It only seems like poetic justice...

  • FOREX VIDEO REVIEW: London Session June 23, 2009

    While we had a fair amount of trade plans during today’s pre-London and London session, in this video I focus entirely on one particular GBP/JPY short trade plan that ended up a nice 130′ish pip trade for about 22 pips of risk. In this video we take a look at how something seemingly as...

  • Suntech Power Reports Mixed Results (STP)

    business, finance, investing, stock, trading, news, analysis, market, suntech,...

  • Cable cracks 1.6000 as Dollar rally continues

    It took a couple of goes but Cable managed to break 1.6000 almost at the same time that Eur/Usd pierced through 1.4000. Some selling from a Swiss name has been seen, but the Dollar has certainly had a great payroll Friday. More stops are seen below...

  • Hong Kong Monetary Authority Keeps Rate at 0.50%

    The Hong Kong Monetary Authority kept its base interest rate unchanged at 0.50% following the decision of the US...