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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 [...] 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 [...] 8-25-08 4:06a GMT – The GBP/USD continues to look negative technically and fundamentally as another key support level was broken at 1.8525. Fundamentally both the GBP and USD are weak however the USD has been supported by strong buys over the past several weeks and the retreating price of oil. Main risk to the [...] 8-18-08 3:26a GMT – The GU pair offers perhaps one of the clearest fundamental pictures with the British economy showing clear signs of slowing and signals that their housing market will continue to deteriorate. Technically, as you might expect with those financial events, the GBP/USD is bearish and the pair has fallen over 1500 [...] 8-13-08 22:21 GMT – GU remains bearish on all time frames but is approaching strong weekly support just as the pair is reaching highly oversold levels on the weekly chart as well (it is also oversold on everything from 1h-weekly). On signs of bouncing off the support at 1.8500 this might be a good [...] |
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