gbpusd

GBPUSD broke below 1.2864 support, indicating that the short term uptrend from 1.2756 had completed at 1.2965 already. Deeper decline could be seen in a couple of days, and next target would be at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the fall...

GBPUSD is forming a triangle pattern on daily chart. Resistance is at the upper trend line of the pattern, as long as this trend line resistance holds, sideways movement could be expected to continue and next target is to test the support of the lower trend line. On the upside, a clear break...

GBPUSD stays in the triangle pattern on 4-hour chart. As long as 1.2418 key support holds, the price action in the triangle pattern could be treated as consolidation of the uptrend from 1.2109, and further rise to 1.2650 area is still possible after the consolidation. Key resistance is at...

GBPUSD is forming a triangle pattern on 4-hour chart. Key support is at 1.2418, a breakdown below this level will confirm that the uptrend from 1.2109 had completed at 1.2615 already, then the following downward movement could bring price to 1.2200 area. Key resistance is at 1.2557, a break of...

Looks like it's at the top of the weekly range at around 1.45 lots of resistance there, what do you guys think?

Start Trading The London Forex Open London Forex Open is a set time morning breakout strategy for Forex. It is based upon the overnight Asian market range principle combined with the opening of the London financial markets. The strategy aims to capture early price breakouts from the overnight...

Some currency pairs are more technical than others. The Pound versus the Dollar has been respecting very well the round number levels lately as we can see on the daily chart. The 1.5500 has no doubt been a very good resistance. A breakout above the 1.5500 level could take the pair to the 1.5600...

CFTC Commitments of Traders (COT) Report, 27 November 2012. The net speculative position in the USD remains long, but only 3052 contracts, down from 52, 244 contracts last week. Within the composite number are some conflicting trends. The commodity currencies remain a favorite long, and the...

CFTC Commitments of Traders Report, 20 November 2012. The current COT report show that the net combined position of currency speculators flipped to the long side of the USD. Flipping positions is not a common occurrence. Currency speculators had been short the USD for the past three months...