GBPUSD Trading

[Obsidian 10]

maybe gbp/usd pauses at 1.5470 till tomorrow before sinking deeper...

4h chart is bearish..

[Obsidian 10]

consolidation continues...though bullish momentum is fading...

with US markets closed, tomorrow will be a boring day I guess...

[Obsidian 10]

Bank of England:

Repo Rate Left Unchanged (repo rate 0.50%)

Asset Puchases higher at £375 billion vs. £325billion

[Obsidian 10]

I think 1.5500 wont be breached today

[Obsidian 10]

thinking of going long around 1.5750/60 (wherever the pair meets 34ema) with targets 1.5820&1.5885.

[Obsidian 10]

thinking of going long around 1.5750/60 (wherever the pair meets 34ema) with targets 1.5820&1.5885.

 

jumped in during the Asian session after gbp/usd touched and bounced off of 34EMA (the yellow line)...don't know if I can stay awake till FOMC minutes..anyway, target and stop are set...

[Obsidian 10]

jumped in during the Asian session after gbp/usd touched and bounced off of 34EMA (the yellow line)...don't know if I can stay awake till FOMC minutes..anyway, target and stop are set...

 

mission accomplished, thanks to FOMC...now can get some sleep

[Obsidian 10]

have to admit that i hate when London is closed...

I guess gbp/usd will pull back to 1.5777-1.5765 before turning north...daily and 4h charts are bullish, i.e. favoring buy on dips, but a daily close below 1.5750 would change the outlook

[AsepX2 10]

look at BB 72 deviation 2 up there in H1 chart.1.5875, watch this number

[Obsidian 10]

Moving inside the cloud and just above the support. I think I will not trade till the big event tomorrow.

[Obsidian 10]

I think gbp/usd is buy above 1.5765 to go to 1.5990...or sell if it drops below 1.5765 to go to 1.5630

[AsepX2 10]

most likely it will go down to 1.5830 during the europe session. Will wait and see...

[SwingTrade 10]

I like using the value range trading they talk about here The Traders Daily – Online Trading Magazine – GBPUSD Value Range Trade 9/4/12

 

seems to work pretty well for FX.

[Obsidian 10]

maybe there is still some room for the pair to drop:roll eyes:

[Obsidian 10]

gbp/usd may pause here today (and bounce to 1.6010) before heading towards 1.5930

[Obsidian 10]

I dont know how much I can thank to David Cameron for his comments yesterday i had the easiest trade recently.

 

David Cameron faces official investigation over GDP hint - Telegraph

[Obsidian 10]

going to sell on any rally

price is below the cloud, tenkan/kijun lines pointing down..

first target will be the red line

[Obsidian 10]

all gbp crosses are so weak..being on the short side seems a better idea

[TradeCuts 10]

Hello Everyone,

Markets resumed after Easter Holidays in NY session yesterday, as the European Markets were closed. Earlier trends from NY session indicate weakening USD against major pairs. Expect USD to weaken further against majors but there is resistance ahead. Keep your longs short.

Outlook – GBP/USD Neutral to Weak

 

Ifyou happen to take this trade do let us know how it turned out for you.

Best

TradeCuts

[Ammeo 10]

Gbp/usd found good support after consolidating around the expected support level of 1.5140. Even better than expected U.S data was unable to take it to next support level. It has already crossed 1.5300 but at this time trading below this level. I am expecting it to continue towards next resistance level of 1.5347.....

[tradingwizzard 10]

Gbp/usd found good support after consolidating around the expected support level of 1.5140. Even better than expected U.S data was unable to take it to next support level. It has already crossed 1.5300 but at this time trading below this level. I am expecting it to continue towards next resistance level of 1.5347.....

 

really? did you watch the pair today?.....BOE? Carney? 1.50?

[ntrader 10]

The pound posted strong gains following the non-taper shocker from the Fed, but the dollar recovered much of those losses following strong releases last week. Unemployment Claims were solid, and housing and manufacturing releases looked sharp as well. In the UK, Retail sales was a disappointment late in the week, posting a sharp decline.

[Ammeo 10]

expecting a retrace to 6076 max, then we might see a drop down 5980.

should it be more, next target would be 5895..

[Ammeo 10]

Looking to: Long - GBPUSD: (Zone 6355 - 6360)

 

Looking to: Long - AUDUSD: @ 9105 for a quick 30pips profit

[Mysticforex 13]

I am seeing some strong bearish divergence on the MACD GPB/USD Daily chart. I am usually a S&R trader. But as far as indicators go I have found MACD divergence to be the most reliable. I will be looking for a break on the 1 HR TF. looking for a test of the 15870 low on the Daily. Where BTW we have a missed Weekly Pivot, ( about 6 weeks old ).