8 Responses to “GBP/USD - Retreat from 1.5”

1. on 18 Apr 2009 at 11:06 am1rahul sood

   i think its a ascending wedge which may cause the GBP/USD to fall lower, the volumes are also decreasing while moving ahead

2. on 18 Apr 2009 at 5:01 pm2Yohay

   Great analysis. It seems that the trend is still up. This week’s releases will shake the Pound…

3. on 18 Apr 2009 at 9:43 pm3James Chen

   Hi Rahul,

   Thanks for your input. It is always welcomed!

   James Chen

4. on 18 Apr 2009 at 9:45 pm4James Chen

   Thanks, as always for your input, Yohay! I am also looking forward to next week’s releases. Hopefully we can get some more substantial price action out of this pair going forward.

   James Chen

5. on 19 Apr 2009 at 1:22 pm5mauricio leon

   what dou you think about the bearish divergence in daily macd histogramm?
   do it have any importance in the analysis?

6. on 19 Apr 2009 at 3:27 pm6James Chen

   Hi Mauricio,

   Thanks for your comment! Yes, MACD Histogram divergence certainly plays a role in the technicals. You are right, there is a clear case of divergence on the daily chart for this pair, which lends to a bearish confirmation. I primarily use divergence as a hint of a possible impending turn, and you have it right here on this chart. Thanks for your great input, Mauricio!

   James Chen

7. on 19 Apr 2009 at 8:58 pm7Rizwan

   Hi,

   Nice analysis. I’ve been looking at the MACD and the RSI. i’m not farmiliar with MACD but RSI is in the middle of the 4H chart. last two weeks i’ve predicted if GBP/USD will go in buy/sell and i was right. This week is confusing me. Can you shed some light for this week.

   Rizwan

8. on 20 Apr 2009 at 12:39 pm8James Chen

   Hi Rizwan,

   Thanks for visiting and for your comments! I primarily use these indicators and oscillators as secondary confirmation tools. I will post more analysis on this pair soon. Thanks, Rizwan!

   James Chen

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