GBP/USD Trading Tips

[TZ Futures]

Check out my other daily trading tips on the FTSE, OIL and GOLD on this forum.

GBP/USD Trading Tips : 26 Oct 2009

Current Level: 1.6346
Support: 1.6250
Resistance: 1.6455

On Friday, we had a sharp reversal following the poor UK GDP figures. But analysts think that this GDP figure will be revised upwards in the coming months.

I am still bullish for the time-being and waiting for a break to the upside of 1.6455 today or tomorrow, especially if the dollar Index keeps falling.

 

[TZ Futures]

GBP/USD Trading Tip : 27 Oct 2009

Update 08:35 GMT
Current Level: 1.6359
Support: 1.6185
Resistance: 1.6455

We did not have a breakout between our support and resistance levels yesterday, so is currently still trading within this range. I would still prefer to short this on any strength near to the resistance level at around the 1.64 - 1.645 levels and target 1.63.

 

[Lord Flasheart]

Great to know your an expert on all markets.When are you going to start charging for this service

 

[TZ Futures]

GBP/USD Trading Tip : 28 Oct 2009

Update 08:30 GMT
Current Level: 1.6355
Support: 1.6185
Resistance: 1.6445

If you managed to short this yesterday from above 1.64 as mentioned - well done to you. We did not have a breakout either side though and I would still go short again if above 1.64 and target 1.63 for starters.

 

[TZ Futures]

GBP/USD Trading Tip : 29 Oct 2009

Update 09:55 GMT
Current Level: 1.6428
Support: 1.6290
Resistance: 1.6460 and 1.6500

Our resistance level has been excellent as a selling opportunity for the past few days now. Although the resistance is being challenged more and more each day, I still believe it is a selling opportunity as long as 1.6460 is not broken, so am keeping a tight stop loss near here just in case.

 

[SSINGH]

Update 09:55 GMT
Current Level: 1.6428
Support: 1.6290
Resistance: 1.6460 and 1.6500

Our resistance level has been excellent as a selling opportunity for the past few days now. Although the resistance is being challenged more and more each day, I still believe it is a selling opportunity as long as 1.6460 is not broken, so am keeping a tight stop loss near here just in case.

which hedge fund are you with?

 

[TZ Futures]

which hedge fund are you with?

Hi, unfortunately, I cannot disclose this information as I would be in trouble with my employer!!

 

[TZ Futures]

Please note that we will no longer posting trading tips for the GBP/USD at the present time. We will continue to post FTSE, US CRUDE OIL and GOLD tips on a daily basis. If you require any further information, please let me know.

 

[who_am_i]

Why the cut off on the cable?