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GBP/USD heading to 1.96?
Replies to This Discussion
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Permalink Reply by Asunblock on -
Looked at it...yeah..I guess if you put a fib. retracement on anything you'll find something. Not sure if I would post a call out on this...being that it's on a monthly chart with such little data. It's not that I disagree with you, but it's not really going out on a limb either. You are pretty much saying that one day...way down the line...the GBP will go to 1.96. Sure...why not.
I don't even need a 50% retracement to tell me that. Don't get caught short though!
Andy
P.S. keep up the writing and I hope you don't mind my cynical tone...it just makes it more fun...and it's also 4 something a.m. and it keeps me awake!
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Permalink Reply by yuval on -
No problem.
It's not a prediction but a suggestion/question, that is why I added the "?" at the end...
I just think that it is highly probable based on the chart.
By the way what are you doing up at 4.00am???
I hope you are still up to read it...:-)
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Permalink Reply by Asunblock on
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I am up for Euro/Asian market sessions from 2am - 10am AZ time...fun stuff!
I gotcha...wouldn't make a trade off of a monthly chart, but I don't think that's what you were suggesting. Just opening up dialogue, which worked! Nice one!
Andy
What are you doing up? Where are you in the world?
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Permalink Reply by yuval on
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I am in Israel. It's 3:30 pm here.
It is probably the best place to be for forex trading. 9-12 am I get the euro/assian and 3-6 pm I have the euro/USA.
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Permalink Reply by princess Todd on -
Currently it is at 1.8048. GBP/USD is in a consolidation after the last bullish movement. The volatility is high. Oscillators are neutral. The price should find a support above 1.8000. The price should continue to move in Bollinger bands. Not the correct time to take position......
Resistances
1,8125 - 1,8250
Supports
1,8000 - 1,7740
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Permalink Reply by princess Todd on
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Hi there Interesting analysis...
EUR/USD Chart analysis
I revisit the EURUSD chart for the umpteenth time lately. The 21-day SMA (in blue on the chart below) held miraculously once again on Friday and now lies at 1.2775. Clearly, the bulls will need for that one to give way before generating any upside argument. Meanwhile, the daily trading ranges are constricting a bit, and the bears need for 1.2400/1.2330 to fall for another leg down and perhaps a try at the 1.2000 area initially. We lean to the downside argument for now.
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Permalink Reply by princess Todd on
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chart taken from: http://www.finexo.com/
© 2012 Created by yuval.
