Archive for April, 2008

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GBP/USD Support

Tuesday, April 29th, 2008

Cable, GBP/USD lay siege on the corridor of 1.9676 support. The pair currently trades 1.97.17 from a trend that began in Asian Hours at 1.9890. How far will it go today? The end shall tell.
In the near term the pair is still not out of the woods yet. The falling “hot-knife” syndrome seem to be […]

GBP/JPY Support Broken

Tuesday, April 29th, 2008

Last night we commented on the direction of the GBP/JPY. We also specified the 62% level of the Fibonacci support at 206.75 a possibility on the Asian market as all “..indicators and trading analyses point south.” See yesterday’s post.
That support level has now been violated and further low of 205.50 seem very plausible. At the time of this post, […]

GBP/JPY Relinquish Morning Gains

Monday, April 28th, 2008

GBPJPY maintained its last week’s bullish tone in the European session this morning. The rallies presented trading opportunities.  
The move of the day started with a quote of 206.78/80 and quickly provided a +100 pips opportunites in less that two hours of trading. After an hour of further consolidation the market rose to a daily high of 208.63.
Downward correction ensued […]

GBP/USD, GBP/JPY, EUR/GBP - Low Risks Opportunities Today

Friday, April 25th, 2008

Across board, the pounds sterling, faired well against other currencies, GBP/USD, GBP/JPY and even the grand old lady, EUR/GPB. All presented low risks opportunities today. From the blast of the bell this morning the pound shot out like a man who stole.
Right from the Euro-session start, there were shared bullish sentiments about the pound sterling.

The GDP […]

EUR Declines On Morning Trades

Thursday, April 24th, 2008

Is this the first sign of the EUR crack in an overbought and overpriced currency? For two consecutive sessions running, it seems the EUR  is experiencing two consecutive days of decline.
After the Asian session this morning, the European session opened tentatively with the German Ifo Business Climate Index Report lurking at 8am GMT.
The report fell short of expectation as indicated […]

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