GBP-USD currency

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GBP/USD Near Support Level

Tuesday, May 13th, 2008

GBP/USD is marching slowly but surely towards support levels of 1.9100/9300 we drew a few months back in January. Many had argued on the possibilities when the pair was still trading at 1.9900. Were you one of the “doubting Thomases”?
We have since written a few articles that support our position on this analysis considering recent data and […]

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 […]

GBP/USD Bucks Trend - Bloody Day

Tuesday, April 8th, 2008

The British pound sterlings saw reversal from last week’s budding trend this morning. Forex traders began Cable, GBP/USD sell-off in the Asian and Pacific market sessions of the early hours of today. The shorts remained intact through Euro and US trading Sessions all afternoon.
However, this trend aversion was not surprising when one looks at the bigger picture. The UK Housing numbers […]

USD, Dollar Gains Reprieve

Tuesday, April 1st, 2008

USD, dollar gained a stay of execution today  amid recent challenges. It fared very well against other currencies especially the yen, JPY.
At some point today it was +241 pips up. An experience that has not been for a while. It also held grounds against the EUR while the pounds, GBP vaccillated within +100 pips range.
These moves were severely orchestrated by […]

Sterling: UK Budget Derails Bounce On Yen - 500+ Pips Slide

Thursday, March 13th, 2008

Sterling-Yen, GBP/JPY - one of the most volatile crosses in the forex trading calendar has seen a huge slide from yesterday’s Asian Market high of 207.98 to 202.96. That was a move of over 500 pips in less than two days trading sessions for forex swing traders.
The bounce off the floor from Tuesday session was derailed […]

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