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GBP/USD Towards 1,5800?

Posted on October 7, 2009 at 1:36 in Intraday Techs by César B. Leiceaga

Cable has made a false brake through yesterdays lows at 1,5875 and is now nearing 1,5900 resistance.

I’m expecting the pair to roll over and retest 1,5800 area over the coming days unless 1,5940 - 1,5950 (38,20% and 50,00% Fibonacci’s) are taken.

Intraday chart:

César B.Leiceaga

Tags: cable, dollar, gbpusd, gbpusd intraday, gbpusd intraday 7october2009, pound, usd

6 Responses to “GBP/USD Towards 1,5800?”

on 07 Oct 2009 at 2:32 am1Beadelta

Bom dia César, tudo bem ?

eu hoje entrei em venda no aud/jpy . Não sou fiel a nenhuma paridade, quando vejo uma oportunidade, eu entro.
stop em 79.93 , target 77
mas vou por trailing stop pra garantir o lucro quando ficar positiva.

abraços
on 07 Oct 2009 at 3:27 am2FXWizard

What do you think about GBPJPY? Confirming bottom at the 140.00 strong support or could we see new lows?

Regards,
FXWizard
on 07 Oct 2009 at 11:43 am3A.SOLTANI

DEAR CESAR

AND FXWIZARD

I think GBP is in triangle correction(H4 chart)in start of final leg for target 1.60 and there we will have resumption of midterm downtrend to 1.5760 and below.about GBPJPY we have flat correction to 143.3 then downward to 138.8 and below.
REGARD
on 07 Oct 2009 at 5:10 pm4César B. Leiceaga

Dear Beadelta,

I like your trade setup, the one thing I would recomend when entering your trades is to divide your entries in various lots. Good luck!

Best regards.
on 07 Oct 2009 at 5:16 pm5César B. Leiceaga

Dear FXWIZARD,

Double bottom needs to be confirmed with a close above 145,00 handle. RSI studies on the daily chart suggest a rebound but the main trend persists with bearish momentum.

Best Regards.
on 07 Oct 2009 at 5:17 pm6César B. Leiceaga

Dear A-SOLTANI,

Thanks for your view, always helpful.

Regards.

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6 Responses to “GBP/USD Towards 1,5800?”