GBPUSD Daily Forecast
Thursday, July 23rd, 2009Today’s analysis shows that the sterling is at a crossroad. We are beginning to see a head and shoulders formation from the 4-hourly timeframe as shown on price chart at 1.6516 resistance line. Linear Regression still looks bullish but will the pair break out of this range?
The Dollar Gains Reprieve – My Trade Clocked +245pips Today..
Wednesday, May 24th, 2006The GBP/USD traded sharply up this morning to retest 1.8860 from the low of the Frankfurt open @ 1.8727 only to head southward again. None of the better than expected CBI report mattered today. The latest weakness in the UK equity market also contributed to the ’southbound train’ movement.
