GBP/USD October 2 and 5

[Nostradamus359]

here we go

 

[Nostradamus359]

who can check DowJones news report about today's UBS short positions with a target of 1.52

 

[Alex-the Gr8]

The economic stimulus package props up this currency - is it real or has the GBP continues on it's improbable run vs. the USD? Does the run have legs or not? I've been bearish on the GBP for quite some time - and like a wine that comes with a screwtop, have a bad taste in my mouth.



The Pound joined other majors and rose against the Dollar after the BOE kept the interest rate at its current 0.5% rate and decided to keep spending the remainder of its 175 billion-pound bond- purchase program. Overall, GBP/USD traded with a low of 1.5947 and with a high of 1.6120. Today, PPI Input is expected at -0.9% vs. 2.2% prior, Trade Balance is expected at -6.3B vs. -6.5B prior.

 

[Nostradamus359]

The economic stimulus package props up this currency - is it real or has the GBP continues on it's improbable run vs. the USD? Does the run have legs or not? I've been bearish on the GBP for quite some time - and like a wine that comes with a screwtop, have a bad taste in my mouth.



The Pound joined other majors and rose against the Dollar after the BOE kept the interest rate at its current 0.5% rate and decided to keep spending the remainder of its 175 billion-pound bond- purchase program. Overall, GBP/USD traded with a low of 1.5947 and with a high of 1.6120. Today, PPI Input is expected at -0.9% vs. 2.2% prior, Trade Balance is expected at -6.3B vs. -6.5B prior.

I will check and be back to you later

 

[The Baptist]

Hi,

I am short from 1.58550

Target 1.5611

Full trade below


http://www.trade2win.com/boards/forex-discussion/73226-break-out-man-4.html#post935260

Happy trading

 

[FxSuperb]

Everyone is talk about selling, it concerns me, I have some buys on cable
I have lock some profit till now.

Cheers

 

[The Baptist]

Everyone is talk about selling, it concerns me, I have some buys on cable
I have lock some profit till now.

Cheers

Price is ironingout volatility in a 'Hunt Volatility Funnel' more likely to break in direction of recent trend ie. GBP down however could go either way, it will break soon I am sure.

 

[FxSuperb]

Lock more profit, I have few mini lots waiting for last TP at 1.5960

 

[Nostradamus359]

I am posting resulting pics here

make your own judgement
it is for two days in October: 2 & 5