Recent content by FxJunkies

Bearish on cable The 1 hour chart on GBPUSD shows price returning to the middle Bollinger Band after the strong move down on Friday. It has failed to close above the middle band with a very bearish candle closing at 10am UK time. I'm looking to sell if it moves below the low of this candle.

Bounce due in gbpaud? The weekly chart shows GBPAUD's decline since August last year. It's just popped out of oversold on RSI, and there's hidden bullish divergence too. Time for a retrace to previous S/R at about 1.9100?

EURGBP has had a fine run since the end of November and as the weekly chart shows, is approaching previous strong resistance, with a series of nice long wicks to the candles on the weekly chart shown in yellow. Ideally, I'd like to see it test those highs, then I'll be dropping down to a lower...

Oil Bulls getting nervous? A busy week in oil saw some decent falls in price. Much of the recent rise in price has been down to the anticipation that the upcoming oil producers meeting in a couple of weeks in Doha, will see a freeze in production, but there's certainly been news this week...

Hi Dub I've started a blog a couple of weeks ago where I post some thoughts and analysis just to stop me getting too bored when I'm trading. Don't worry though, I'm not selling anything, just my trading ideas and what I'm watching. Take a look: www.fxjunkies.co.uk James.