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protrader624@ (protrader624)
Jul 20 2015 at 06:42
5 posts
I expect GBPUSD moving down to 1.518 over the next week or two based on recent economic data and volume. I currently have a short trade at 1.55962 based on this. Unless something big happens with the economic data.

Anios FX Ltd (Inari)
Jul 20 2015 at 06:43
42 posts
Of course Cable can rise on a weaker USD as well..
Carney has a much more believable presence then Yellen...

Fundamentals are mixed - but with inflation running low and reasonable employment - the economy could stand 0.25% increase
Of course they always caveat the remarks - so no one is really committing to anything - just yet.

Sean


Ari Goldman (arigoldman)
Jul 20 2015 at 14:30
907 posts
I'm not optimistic about the GBP this week..

protrader624@ (protrader624)
Jul 21 2015 at 06:44
5 posts
Closed out my GBPUSD short trade for small profit. Seems to be hitting major support now.

Ari Goldman (arigoldman)
Jul 26 2015 at 21:38
907 posts
i guess it's make it or break it now.

Anios FX Ltd (Inari)
Jul 27 2015 at 06:46
42 posts
Yes it's now at an interesting point - technically you can see a sort of head and shoulders forming which doesn't bid too well - but reverting to fundamentals it should find support on recent comments so I doubt the downside will be to severe and we may see another upward movement from here... but it's too early in the Asian session to make a call - Mondays in Asia are no indication for Cable really - take a quick momentum based profit of a few pips if you get the chance - that about it till Europe opens

Sean

Ben Nathan (BenNathanFX)
Jul 27 2015 at 09:16
137 posts
The cable is an interesting one

Base fundamentals are strong for both the GBP and the USD so I wouldn't trade the pair...

...instead id be looking to buy into the GBPAUD if we get some good GDP readings tomorrow... i.e. if they are good figures then the GBP should move more against the AUD than it will the USD, - simply because the AUD is weak, whereas the USD, being fundamentally strong could stand up to the GBP more.

Thats my 2 cents anyway :)

Have a great week all.

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
alexforex007
Jul 27 2015 at 09:41
774 posts
Since both the Bank of England and the FED are thinking about raising interest rates, it is hard to predict a clear direction on the GBPUSD. The oscillation continues around the 1.5500 level.

Alex (Look009)
Jul 27 2015 at 12:45
224 posts
I believe GBP/USD follows EUR/USD path, at least on small time frames

Anios FX Ltd (Inari)
Jul 27 2015 at 14:24
42 posts
Certainly in the afternoon sessions the USD is the prime driver and unless there if specific and unscheduled news that is Euro or Sterling specific most afternoon sessions will see the EUR/USD and GBP/USD follow a similar path.

You can watch the ranging of the EUR/GBP cross for small opportunities but do not expect to make a fortune on these trades :)

Sean

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