Gbp/Usd Trading Room

[The Baptist]

Did you mean 1.62 for your stop loss moe?

Agree with your topping assessment must be imminent a retracement.

 

[moe]

Did you mean 1.62 for your stop loss moe?

yes

 

[appleku]

hai all... nubie here. enjoy to join this thread

 

[The Baptist]

hai all... nubie here. enjoy to join this thread

Have so far benefited from resuming long after stepping out a bit. When a trend is strong some times the countertrend is no more than some topping congestion. I wonder if this has been the case, any weakness should have manifested. By now hence my preference no to trade the countertrend. Ie. Do not be tempted short in a bull trend.

 

[moe]

you can go here to see my signals http://www.trade2win.com/boards/for...60972-gbp-usd-trade-signals-7.html#post784314

 

[jeffsmith]

GBP/USD Analysis.

GBP/USD continued to climb yesterday on the foreign exchange market and broke up the key resistance at 1.6540, continuing its upward movement boldly towards the critical resistance of 1.6680.
Trading range today is expected between the key support at 1.6330 and the key resistance at 1.6700.
Technical resistance levels: 1.6500 1.6770 1.6900
Technical support levels: 1.6350 1.6240 1.6160

 

[jeffsmith]

GBP/USD Analysis.

GBP/USD made a quick climb above the high and quick fall below the low yesterday as broad range swing moves to hit either way the stops.
Today it has formed the initial low 1.6212 and
High 1.6340-
It is expected to rise above high and further during BOE rate decision.