GBP USD Lovers

IjoFX · #1 08-25-2009, 12:31 AM

Hello Traders,
Let's discuss GBP USD pair daily trend.
I will start :
August 25, 2009
I predict that GBP USD in downward trend.
Just entry market : SELL
My Target (TP) = 1.6349 and SL = 1.6477

Any idea or suggestion? Please share here

Thanks

IjoFX · #2 08-25-2009, 10:54 AM

Booked 60 Pips.

Updates : Market rebound after hit my TP

anjali · #3 08-25-2009, 11:09 AM

Great! The Dollar rose a bit on Monday, in what is considered very light trading, after stocks gave up early gains and traders stayed on the sidelines in advance of U.S. consumer and housing data due this week.

The Dollar initially fell, after strong European and US data coupled with positive words from Federal Reserve Chairman Ben Bernanke over the weekend.

The Federal Reserve held a central bank conference in Jackson Hole, Wyoming over the weekend and Bernanke was widely seen as hyping the growth, something he has not done as enthusiastically in recent months.

At 1:00AM GMT, the Dollar was up .15% to the Euro to 1.4301, up .18% to the Japanese Yen to 94.54, up .55% to the British Pound to 1.6415, down .4% to the Canadian Dollar to 1.0768, up .3% to the Swiss Franc to 1.0613 and down .5% to the Australian Dollar to .8384.

IjoFX · #4 08-27-2009, 01:33 AM

Anjali, thanks for the comprehensive analysis

August 27.
GBP USD still in going downward trend. It already moved almost 300 points form opened price in this week.
Just entered market : SELL
My target (TP) = 40 pips

Hope green pips will be booked

Any idea or suggestion is very welcome
Thanks

IjoFX · #5 08-27-2009, 05:21 AM

Update :
Asia Session
GBP USD still moving in tight range. Today's First fundamental alert: GBP News Release @ 08.00 GMT (Nationwide HPI m/m)

IjoFX · #6 08-27-2009, 11:06 AM

Update : Just Booked 40 pis

NY Session :
Some of USA Fundamental news will be released.

Striker · #7 08-27-2009, 01:33 PM

The pair GBP/USD continues to slide downwards

IjoFX · #8 08-27-2009, 02:55 PM

Quote:

Originally Posted by Striker

The pair GBP/USD continues to slide downwards

Agree with You Striker. Thanks for your input.

IjoFX · #9 08-27-2009, 03:20 PM

NY Session :
GBP USD broke support level (S1 = 1.6177). Assumed that Natural Storage Data will be better than last month, I predict GBP USD will touch 1.6100

Any suggestion or idea is very welcome

Thanks

IjoFX · #10 08-27-2009, 04:46 PM

Quote:

Originally Posted by IjoFX

NY Session :
GBP USD broke support level (S1 = 1.6177). Assumed that Natural Storage Data will be better than last month, I predict GBP USD will touch 1.6100

Any suggestion or idea is very welcome

Thanks

Hit my SL