Technical Analysis – GBP/USD Going Short

10-07-08

3:29a GMT – I thought I would mix it up and give a signal for the GBP/USD since I’ve been giving signals just for the EUR/USD pair for the past few weeks (profitable as they were). GBP/USD has dropped over 1000 pips in the past few weeks and we will stick with the trend. The [...]

Technical Analysis – GBP/USD Approaching Resistance

9-8-08

5:50a GMT – GBP/USD is approaching resistance at 1.8000 as the pair saw its first major corrective action in weeks. I will continue to sell the downtrend and will look for selling opportunities on this latest strength. Wait for candlestick confirmation or other technical indicators, however, as the pair is drastically oversold and any bad [...]