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- Mar, 19 British Pound / US Dollar 03-19
- Mar, 18 British Pound / US Dollar 03-18
- Mar, 17 British Pound / US Dollar 03-17
- Mar, 16 British Pound / US Dollar 03-16
- Mar, 15 British Pound / US Dollar 03-15
- Mar, 11 British Pound / US Dollar 03-11
- Mar, 10 British Pound / US Dollar 03-10
- Mar, 09 British Pound / US Dollar 03-09
- Mar, 08 British Pound Testing Potentially Strong Resistance 03-08
- Mar, 05 British Pound / US Dollar 03-05
- Mar, 04 British Pound / US Dollar 03-04
- Mar, 03 British Pound / US Dollar 03-03
- Mar, 02 British Pound / US Dollar 03-02
- Mar, 01 British Pound Plunges; Reaches Fibonacci Confluence
- Feb, 24 British Pound / US Dollar 02-24
- Feb, 23 British Pound / US Dollar 02-23
- Feb, 22 British Pound / US Dollar 02-22
- Feb, 19 British Pound / US Dollar 02-19
- Feb, 18 British Pound / US Dollar 02-18
- Feb, 17 British Pound / US Dollar 02-17
The US dollar continues its ascent and the GBPUSD, which has held up relatively well, may be next to take a plunge.
As mentioned many times last month, I am looking for short entries as price action since May 2008 may be carving out a diamond top. The time has come. There are 5 waves down from 16464 and the rally from this morning’s low should prove corrective. Resistance should be strong at 16310 (former support).
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum. He is the author of Sentiment in the Forex Market. Follow his intraday market commentary and trades at DailyFX Forex Stream. Send requests to receive his reports via email to jsaettele@dailyfx.com.
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