technically yes a bottom is in place but what about fundamentaly? Britain is in a recession.

Majors & Exotics [EUR / GBP / JPY / CAD / AUD]

the market is not related to your position hence a correct stop loss point cant be told according to your position but rather to technical levels, stop losses should be above a resistance for short (sell) orders and below support for long (buy) ...

EURUSD

yup, bullish is getting weaker .. im short

Cable Update (GBPUSD)

Britain is entering a recession, so do you think a major reversal is possible before the end of this year?

Cable Update (GBPUSD)

as a matter of logic we should be landing by now but the wheels are not working

Cable Update (GBPUSD)

please put your seat belts

Cable Update (GBPUSD)

i really dont know but i dont see there's any reason for it to go up there

Cable Update (GBPUSD)

585 doesnt sound possible because 1.7530s forms a strong resistance area right now and a break of that area might push the pair to 1.7600+ with no return back anytime this week, where the current scenario suggests that this pair should be around ...

Cable Update (GBPUSD)

im still looking for higher entry

Cable Update (GBPUSD)

im not sure if its gonna reach 70s but after dropping it gonna stop around 1.7424, a correction might be seen there and then another ride down to 1.72xx

Cable Update (GBPUSD)

Ritz are you short? or not yet?

Cable Update (GBPUSD)

thanks. it seems like MPC Treasury Committee Hearings will decide the direction...

Cable Update (GBPUSD)

can u post a chart?

Cable Update (GBPUSD)

yea at 1.7528

Cable Update (GBPUSD)

The European Commission revised its economic forecast for the UK on Wednesday, becoming the second international body to predict that gross domestic product will contract in the second half of 2008. The forecast from Brussels predicts GDP growth ...

Cable Update (GBPUSD)

i'll enter a short position when it tests 62ema on 15min

Cable Update (GBPUSD)

nice, good luck

Auslanco - GBP/JPY and GBP/USD (newstrade)

yup, i think its gonna test the ma line before going down.

Cable Update (GBPUSD)

im short @ 1.3960 targeting 1.3870

EURUSD

how confident are you about the second move?

Cable Update (GBPUSD)