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

GBP

Discuss GBP
 
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DaveO
UK
Posted Anonymously
14 years ago
Oct 6, 2010 13:13
and I agree my sym level at 5935 is merely a potential reaction level (proven) These reaction levels help me to take profit at what I consider logical targets for my specific trading timeframe.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 13:10
Don't worry SB, no need to repeat, I have all your observations written down :-)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 13:07
Chartvuze. First jobbie is to take out potential resistance at 1.5997 previous high on daily chart. Then we have potential resistance levels at 1.6055 and c.1.620/22. Next resistance above is at very important 78.6% fib level at 1.644. If price breaks that level I start coming into line with Subway bias for test of 1.7046 level
subway90
Korea Sout
Posted Anonymously
14 years ago
Oct 6, 2010 12:57
DaveO...

your level would likely be breached today or latest tom (target would be about level of 5996 +/- 20 pips)...then pullback....
and like i mentioned... after pullback next week... we'll see some big moves for GBP to the upside.... I am wrong if it falls back below 5668 level... let's see... :)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 12:56
hehehehe. Context gentleman, Context.
subway90
Korea Sout
Posted Anonymously
14 years ago
Oct 6, 2010 12:51
thank you for your advice chartvuze.... but technically looks like it so far.... i would know if it will be heading the other way.... no worries...
i'll let you know if it's headed the other way.... but 1.6300/6400 level would likely be reached by the end of the year... :)
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 12:44
Meanwhile my 1.5936 symmetry level has proven resistance :-)
chartvuze
salisbury, UK
Posted Anonymously
14 years ago
Oct 6, 2010 12:18
Hi Subway 90

I f you were aware of the level of unemployment and debt in the britain you wouldn't be bullish
about the GBP. Only the banks are doing well.

good luck out there
subway90
Korea Sout
Posted Anonymously
14 years ago
Oct 6, 2010 12:06
i inclined to see test of 1.70 rather than 1.38 level... level but not by end of the year.... but more likely Q1 of next year... i'm quite bullish on GBP and could see test of of 1.8xxx level by end of next year... that is the big map for now.... have to see if support holds and steadily moves higher....
taget for current rally is around 1.64xx level where we'll likely see some bg correction afterwards down to 1.5600/5700 then higher toward 1.70 level...
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Oct 6, 2010 11:42
Pundits/carnival barkers get way ahead of themselves. Best to ignore and focus upon current market dynamics. All markets can turn on a dime and right now the short term fundamentals are a little over the top for me personally so I revert to what price is telling me on the charts. To predict GU to 1.70's at this point in time is pretty ignorant imho.
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