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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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Stationdealer
London, UK
Posts: 715
14 years ago
Jul 13, 2010 9:14
Moved down towards the daily support at 14940 only to correct higher. Standard and Poors then announced that they are keeping the UKs outlook on negative. This sent the pair quickly lower. We now have daily support at 1.4940 and resistance at 1.5040. The bias is still slightly to the downside but we should not see a break of the low at 1.4950. I am looking for a move higher through 1.5070 to confirm the move back up has started.

UK CPI / Retail Sales at 9.30

Support levels: 15013 14994 14950

Resistance levels: 15066 15070 15122




EURGBP has made a perfect doji at the resistance (8414). The 1hr chart is still keeping its upward bias but a close below 8353 would turn the pair bearish. Our first support would then be 8315 followed by 8234, the channel support. Only a close (daily) above 8419 would negate the bearish view now. Target from last weeks post was at 82 and it still stands.

Support levels: 8381 8372 8354

Resistance levels: 8404 8420 8432
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 12, 2010 18:46
More Cable selling could ensue if UK CPI tomorrow meets 3.2% fcst from 3.4%

Ashraf
Qingyu
manchester, UK
Posts: 1763
14 years ago
Jul 12, 2010 18:31
cat, you are genius! i nearly lost my confidence at 1504...
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 12, 2010 18:18
GBP is covariant with BP stock price... hum.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 12, 2010 18:16
ok put a sl 15050 ...
said
mulhouse, France
Posts: 2822
14 years ago
Jul 12, 2010 17:42
give u a break
http://www.youtube.com/watch?v=Y_SVe7Z9e5o
said
mulhouse, France
Posts: 2822
14 years ago
Jul 12, 2010 17:23
u should postponey ur holiday
u'll have a better hold soon.
Gunjack
London, UK
Posts: 1184
14 years ago
Jul 12, 2010 17:01
C'mon GBP...stay strong I go on holiday to europe soon
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Jul 12, 2010 16:51
it is way too hot here for serious trading...i put tp 1496 for now
ZEE
Canada
Posts: 20
14 years ago
Jul 12, 2010 16:47
@catnip, you are a superstar of this forum
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