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GBPUSD - Looking to buy today

Discussion in 'Jarratt Davis- Trading Signals' started by Jarratt Davis, Jun 10, 2014.

  1. Jarratt Davis

    Jarratt Davis Special Consultant to the FPA

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    Hey everyone,


    Today I expect to see strength in the GBP currency against all major currencies, especially after BOE’s McCafferty said, the time for UK rates to rise back to more normal levels is approaching.

    Look to get in around the 1.6800 area, with a stop loss placed at 1.6730 and take profit targets around 1.6850 to 1.6880.

    P.S - If you want to learn more about how I trade, check out this link below

    http://www.forexpeacearmy.com/forex-forum/fpa-freebies-discounts-list/34326-free-trading-course-forex-pro-jarratt-davis.html


    - Jarratt Davis
    Fx trader, funds manager and Forex mentor
    www.JarattDavis.com

     
  2. Sheriffonline

    Sheriffonline Private

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    Thanks for your analysis Jarrat. anyway I am already in at 1.6800.
     
  3. dolzsan

    dolzsan Private, 1st Class

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    Thanks once more Jarratt. I'm also already in.
    Let's have a great day everyone.
     
  4. Xgen7

    Xgen7 Private, 1st Class

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    Thank you Jarratt, I am also in already.


    Xgen7
     
  5. Erhard Meyer

    Erhard Meyer Recruit

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    Dollar Strength?

    Hi Jarratt! Thanks for the trade. Any ideas on why both EURUSD and GBPUSD dipped so much during morning trade?
     
  6. Erhard Meyer

    Erhard Meyer Recruit

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    Hi Jarratt! Thanks for the trade! Any ideas on why both GBPUSD and EURUSD dipped so much in morning trade?
     
  7. MiracleTrading

    MiracleTrading Private, 1st Class

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    In 1.6780. If price will not reach 1.6850 today what to do, close position or wait?
     
  8. MiracleTrading

    MiracleTrading Private, 1st Class

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    But if you look at Sive analysis he said don't take long now, too risky and there is no reason to long GU.
     
  9. Jarratt Davis

    Jarratt Davis Special Consultant to the FPA

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    Hey Erhard,

    The main reason for the drop was because of USD strength, however I don't expect this strength to last very long and I expect GBPUSD and EURUSD to recover in the coming days!

    Hope that helps!

    Jarratt


    - Jarratt Davis
    Fx trader, funds manager and Forex mentor
    www.JarattDavis.com

     
  10. Jarratt Davis

    Jarratt Davis Special Consultant to the FPA

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    Hey MiracleTrading,

    I would be willing to hold GBPUSD positions as there is nothing fundamental stopping this pair from eventually getting back towards 1.7000 in the coming weeks- however if you're not comfortable with holding positions then you could take profits / cut losses before the day is over. Bear in mind there is nothing fundamental driving this pair lower at the moment so I will be confident to hold my long positions! :)

    Hope that helps!

    Jarratt


    - Jarratt Davis
    Fx trader, funds manager and Forex mentor
    www.JarattDavis.com

     

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