- Overnight Interest Rate Update 03.18.10 Thu, 18 Mar 2010 10:37 GMT
gbp-usd
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- Mar, 12 GBPUSD: Consolidation Continues Near 1.50 Figure
- Mar, 05 GBPUSD: Selling Stalls Below 1.50, Correction Possible Ahead
- Feb, 26 GBPUSD: Initial Objective Met, Targeting 1.50 From Here
- Feb, 19 GBPUSD: Channel Support Fading, Profit Target Ahead
- Feb, 12 GBPUSD: Remain Short as Prices Test Channel Support
- Feb, 05 GBPUSD: Short Position Taken on Break Below 1.58
- Jan, 29 GBPUSD: Prices Testing Key Support at Range, Channel Bottom
- Jan, 22 GBPUSD: Sellers Battle to Regain Momentum At 1.62
- Jan, 15 GBPUSD: Weekly Charts Hint Larger Upswing May Be Ahead
- Jan, 13 GBPUSD: Exit Short as Bullish Correction Gains Momentum
- Jan, 08 GBPUSD: Continued Weakness Seen as Channel Top Holds
- Dec, 22 GBPUSD: Aim Below 1.60 as Prices Hit Second Target
- Dec, 11 GBPUSD: Stay Short as Prices Hit Initial Profit Target
- Dec, 07 GBPUSD: Remain Short as Bearish Momentum Returns
- Nov, 27 GBPUSD: British Pound Short Approches Profit Target
- Nov, 13 GBPUSD: Bullish Channel Threatened as Momentum Fades
- Oct, 30 GBPUSD: Outlook Clouded as Prices Search for Direction
- Oct, 23 Pound Short Stops Out At Break-Even as Resistance Falls
- Oct, 16 Pound Corrects Higher, Bias Remains Bearish
GBP/USD
Strategy: Short at 1.6648, Targeting 1.6260
GBPUSD has put in an Evening Doji Star bearish reversal candlestick formation and prices have broken below support at a rising trend line established from October’s swing low. Pronounced negative divergence on the RSI oscillator bolsters the case for a downside scenario. We will enter short from here, initially targeting 1.6260. A stop-loss will be activated on a daily close above 1.6882, the 11/16 wick high.
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