On April 19th (9 days ago), I wrote, “If the GBP/USD does not immediately take out 1.5128, then you could safely place a limit sell anywhere from 1.5375 to 1.5475″. Then on April 21st, I posted, “Now, within the next 24 hours, we should see the GBP/USD begin its descent for the next month, two, … Continue reading
Category Archives: GBP/USD
Analysis of the GBP/USD
4/21/2010 – GBP/USD Update
Two days ago, I wrote, “If the GBP/USD does not immediately take out 1.5128, then you could safely place a limit sell anywhere from 1.5375 to 1.5475”. Look where the GBP/USD has been oscillating for the past 12 hours….1.5340 to 1.5430. Now, within the next 24 hours, we should see the GBP/USD begin its descent … Continue reading
4/19/2010 – GBP/USD Trade Ideas
The GBP/USD retraced back to the 1.5500 level during last week (April 12th through April 15th). This was a significant target level before the GBP/USD began its move back downward. Now that the GBP/USD has reached that level, it is beginning its move down below 1.4779 over the next one to three months. During this … Continue reading
My GBP/USD forecast moved 2200 PIPS!
On August 4th, I wrote that we’re in a new longer-term GBP/USD downtrend. Sure enough, after August 4th, the GBP/USD dropped from 1.9700 to 1.7500…2200 PIPS! Right now, the GBP/USD is retracing back to the 1.9000 area before it goes further down. Read these forecasts, watch the currency market, and enjoy the trades! Continue reading
New GBP/USD Longer-term (4hr) downtrend confirmed
As written in two prior articles, the GBP/USD has begun a new long-term downtrend over the next 3 months. On July 31st, I thought I had seen a point in a short turnaround for a short-term retrace before this begun. The current 1hr downtrend is going further than I thought, though. It has now fully … Continue reading
GBP/USD to go further up from 1.9800 area to make a new high past 2.0155.
As of what I’m seeing today on July 31st the GBP/USD is beginning the move to go up further. As of today, July 31st, the GBP/USD may stay around the 1.9700-1.9800 level for 2 days or so, but will then begin moving further up to attack the latest high at 2.0155 over the next 7 … Continue reading
GBP/USD has moved 700 PIPs so far, as I forecasted almost two months ago
As you can read on my GBP/USD page, the GBP/USD moved as I forecasted on June 2nd, almost 2 months ago. On June 2nd, the pair was at 1.9653. I forecasted it might move down to 1.9474 before going further up. Sure enough, on June 13th, it moved down to 1.9411, and then proceeded to … Continue reading
New longer-term GBP/USD trade posted
A new longer-term (1-2 month) trade has been posted on my GBP/USD page. Continue reading
Exited Long-Term GBP/USD Short Trade for 360 pips
Last week on April 30th, I exited my long-term GBP/USD @ 1.9772. I could have exited better, but oh well. During the latter half of April, the lack of movement short on the GBP/USD began making me a bit nervous. I actually exited on a short-term, not long-term exit signal. I wanted to exit and … Continue reading