Tag Archive

Trade Strategy: GBP/USD – 12/22/2011

Published on December 22, 2011 By currencynewshound

Action Forex’s latest trading strategy for the GBP/USD pair is to buy at 1.5600 with a target of 1.5750 and a stop at 1.5565.
Despite intra-day brief bounce to 1.5729, as cable has retreated after meeting renewed selling there, retaining our view that further consolidation below yesterday’s high of 1.5775 would be seen and below support [...]

Candlesticks and Ichimoku Analysis: GBP/USD – 12/20/2011

Published on December 20, 2011 By currencynewshound

Action Forex’s newest candlesticks and ichimoku analysis for the GBP/USD pair is showing that traders should sell again at 1.5680 for 1.54300 with a stop above 1.5780.
Despite last week’s selloff to 1.5408, lack of follow through selling on the break of previous support at 1.5423 and the subsequent rebound suggest consolidation above this level would [...]

Trade Strategy: GBP/USD – 12/15/2011

Published on December 15, 2011 By currencynewshound

Action Forex’s current trading strategy for the GBP/USD pair is to sell at 1.5550 with a target of 1.5420 and a stop at 1.5585.
Despite yesterday’s resumption of decline to 1.5408, lack of follow through selling on break of previous support at 1.5423 and the subsequent rebound suggest consolidation would take place and another corrective bounce [...]

2-Month Low for GBP/USD

Published on December 15, 2011 By currencynewshound

According to Nasdaq, the GBP/USD pair fell to a 2-month low yesterday.  After breaking below the 1.5420 support, the pair quickly fell to the new low at 1.5400.
FXstreet.com (California) – GBP/USD ended the American session barely unchanged at 1.5465 after trading a broad range on Wednesday, pulling back into the 1.5530 area during the European [...]

Candlesticks and Ichimoku Analysis: GBP/USD – 12/13/2011

Published on December 13, 2011 By currencynewshound

Action Forex’s newest candlesticks and ichimoku analysis for the GBP/USD pair is recommending traders to sell at 1.05680 for 1.5480 with a stop above 1.5780.
Although the British pound rebounded again to 1.5770 last week, renewed selling interest emerged just below previous resistance at 1.5780 and the Kijun-Sen and price has dropped again from there, then broke below [...]

Trade Strategy: GBP/USD – 12/12/2011

Published on December 12, 2011 By currencynewshound

Action Forex’s current trading strategy for the GBP/USD pair is to sell at 1.5700 with a target of 1.5590 and a stop at 1.5735.
Despite Friday’s sharp rebound from 1.5585 to 1.5735, the subsequent anticipated retreat suggests further consolidation below recent high of 1.5780 would be seen and test of Friday’s low at 1.5585 cannot be [...]

Trade Strategy: GBP/USD – 12/9/2011

Published on December 9, 2011 By currencynewshound

Action Forex’s newest trading strategy for the GBP/USD pair is to hold short entered at 1.5720 with a target of 1.5600 and a stop at 1.5755.
Although cable’s intra-day rally from 1.5585 to 1.5735 has retained our broad consolidative view, as price has retreated from said resistance, retaining our bearishness for another decline later, a break [...]

Trade Strategy: GBP/USD – 12/6/2011

Published on December 6, 2011 By currencynewshound

Action Forex’s newest trading strategy for the GBP/USD pair is to sell at 1.5680 with a target of 1.5580 and a stop at 1.5715.
Despite yesterday’s sharp rebound to 1.5721, as the British pound has retreated after faltering below indicated resistance at 1.5728 (last Friday’s high), suggesting the rebound from 1.5577 has possibly ended there and [...]

Candlesticks and Ichimoku Analysis: GBP/USD – 12/6/2011

Published on December 6, 2011 By currencynewshound

Action Forex’s latest candlesticks and ichimoku analysis for the GBP/USD pair is showing that traders should hold short entered at 1.5750 for 1.5560 with a stop above 1.5730.
Despite rising to 1.5780 last week, the British pound faltered below the Kijun-Sen and has retreated since and consolidation with mild downside bias remains for weakness towards 1.5525-30, [...]

Trade Strategy: GBP/USD – 12/5/2011

Published on December 5, 2011 By currencynewshound

Action Forex’s latest trading strategy for the GBP/USD pair is to sell at 1.5695 with a target of 1.5580 and a stop at 1.5730.
As the British pound has rebounded after holding above last Friday’s low at 1.5577, suggesting further consolidation above this level would take place and recovery to the Ichimoku cloud top (now at [...]