Cable, GBP/USD Presented Several Trading Opportunities Today
Wednesday, February 27th, 2008Cable, otherwise traded as the GBP/USD provided great volatility today. gbp-15min.gif The upward burst we had experienced yesterday continued in the early morning trades until a resersal signaled just before 0900hrs (GMT). Since then the market have moved like a yo-yo. It had vaccilated between 1.9807/1.9974 which is great for us traders but something an investor might frown upon. The market has trended very well in either direction with huge rewards opportunities in-between. The chart opposite demonstrate the various opportunities presented.
Forex Trading: GBP-JPY Today
Friday, February 15th, 2008GBP/JPY at critical point 212.00/50 where upward extention towards 219/220 or breakdown towards 209.75/210 could occur. Like most things in life the certainty cannot be guaranteed and this is why forex trading thrives on the of the risk/reward uncertainty presents.
