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Hi everyone and welcome! moved day early morning, with worse than expected data in the UK pushing Pound under 1.4900. No much more news to watch today, market is sending dollar slightly down as stocks and metals are quite positive this morning. Anyway, I do believe he have a good chance in Pound. Here is the link if you want to see it:
http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-03-10.v02.html
Source: The Advisor Weblog | 10 Mar 2010 | 12:53 pm
Setup SELL GBPUSD
Entry: 1.4935
SL: 1.4980
TP1: 1.4880
TP2: 1.4785
With 30 Pip+ move SL to Breakeven
Original post blogged on FX Signal Pro.
Source: Forex Signal Blog (en) | 10 Mar 2010 | 8:26 am
EUR/USD bearish
Above 1.3650 look for further upside with 1.3695 & 1.3740 as targets.
Short positions below 1.3575 with targets @ 1.3540, & 1.3500 in extension.
USD/JPY bullish
Long positions above 90.20 with targets @ 90.50, look for further upside with 90.75.
Below 89.70 look for further downside to the 89.50 area, look for further downside with 89.25.
GBP/USD bearish
Above 1.5030 look for further upside with 1.5115 & 1.5170 in extension.
Short positions below 1.4935 with targets @ 1.4880 & 1.4785 in extension.
USD/CHF bullish
Long positions above 1.0800 with targets @ 1.0825 & 1.0850 in extension.
Below 1.0730 look for further downside with 1.0685 & 1.0670 in extension.
Original post blogged on FX Signal Pro.
Source: Forex Signal Blog (en) | 10 Mar 2010 | 8:26 am
