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View Poll Results: What impact will the Bank of England Rate Decision have on the GBP/USD?

Voters
14. This poll is closed
  • Send GBP/USD Higher!

    8 57.14%
  • Send GBP/USD Lower!

    4 28.57%
  • The rate decision will not have a significant impact.

    2 14.29%
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  1. #22906
    Alejandro Zambrano's Avatar
    Alejandro Zambrano is offline DailyFX Analyst and Forum Moderator
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    Quote Originally Posted by Alejandro Zambrano View Post
    Charts from today's edition of the webinar Bulls vs. Bears @ The Trading Room 10:30 GMT (11:30 UK time or 06:30 EST Mon - Fri)

    Recorded version
    Bulls vs Bears - The spread Betting Morning Update April 30 - 2012 | DailyFX: Bulls vs Bears on Blip

    QA session
    QA Bulls vs bears spread betting market update april 30 2012on DailyFX Live Trading Room - live streaming video powered by Livestream



    I am looking for this to continue to drop for a few hours more.

  2. #22907
    Alejandro Zambrano's Avatar
    Alejandro Zambrano is offline DailyFX Analyst and Forum Moderator
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    London session review and outlook April 30 - 2012
    Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.




    Regards

    Alejandro Zambrano
    Currency Strategist | DailyFX Forum (London)

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  3. #22908
    farfar1985 is offline Member
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    any predictions for GPB/USD?it seems to be locked.

  4. #22909
    Ikee's Avatar
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    Cool

    1.6135 looks to be a good retracement target....
    Never rush a trade. Make haste slowly.

  5. #22910
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    stryker is offline Moderator
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    Quote Originally Posted by stryker View Post
    Only updating the 2 hrs chart here since it is in play for now.. 6242-44 supp but prime ribs to around 6195-6200 lvls..

    GL..
    Well that 6200 supp has inclined higher been a part of an ascending wedge.. Currently price has managed to closed under the wedge base of 2 hrs but holding at supp on 8 hrs. Most preferred lvl where the drop to continue is 6040-55 but as of now if the price can stay under 2 hrs wedge base now a resis at 6232-35, the decline should continue to 6150-55 for today..
    EURO on the other hand hitting 3278 dual supp and a very imp one.
    USD has managed to hold 9825 and broken higher to 9841 clean. Expected move up on 30 mins is to 9862 but on the bigger time frame and esp on 4 hrs could hit 9910 from here onwards..

    GL..
    Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
    The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
    Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

  6. #22911
    Franosh's Avatar
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    Quote Originally Posted by farfar1985 View Post
    any predictions for GPB/USD?it seems to be locked.
    The area of the blue box plus your spread:

  7. #22912
    Alejandro Zambrano's Avatar
    Alejandro Zambrano is offline DailyFX Analyst and Forum Moderator
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    Quote Originally Posted by farfar1985 View Post
    any predictions for GPB/USD?it seems to be locked.
    Hello Farfar,
    GBP/USD is correcting part of the last few day's gains. I expect price to create a low above 1.6150 before the end of the day and that we will be trading close to 1.6250 tomorrow. We have limited downside but if price breaks out under 1.6150 will the trend turn bearish and we can expect further declines.

    1 hr time frame


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  8. #22913
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    i have two strong supp, one being the weekly pivot (1.6200 orange) and the other the monthly (1.6100 red)

    we on the first supp but by the look of it we ganna break and head further donw to 1.61.
    a bounce is possible to 1.6250 before we clearly break the weekly pivot thou if we do break here, should be a strong move down.

  9. #22914
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    hi everyone,

    hourly delta - no.1 bottom is in (blue) - two possibilities left :

    1. no.(1) top is in, no.2 bottom is in -up to no.3 tomorrow 9.30 London time.
    2. no.2 top soon - down to no.3 tomorrow 9.30 London time.

    the hourly trendline has been broken, but this is Cable so we can still go up. 1.6189 was .50 fib from 1.6079,100sma held - measured targets 1.64-1.655.

    offers are whispered at 1.623-24 (hourly kumo flat bottom,kijun sen)- above I think short squeezing will contninue.

    Patryk

  10. #22915
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    Channel bounce, headwind above

  11. #22916
    Alejandro Zambrano's Avatar
    Alejandro Zambrano is offline DailyFX Analyst and Forum Moderator
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    Charts from today's edition of the webinar Bulls vs. Bears @ The Trading Room 10:30 GMT (11:30 UK time or 06:30 EST Mon - Fri)

    Recorded version
    Bulls vs Bears - The spread Betting Morning Update May 1 - 2012 | DailyFX: Bulls vs Bears on Blip

    QA session
    QA Bulls vs bears spread betting market update May 1 2012on DailyFX Live Trading Room - live streaming video powered by Livestream


  12. #22917
    fazi's Avatar
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    good morning,

    SWFX Sentiment Index

    that is a rather sharp rise in bullish sentiment overnight - could be a sign of the turning point.

    Patryk
    Last edited by Alejandro Zambrano; 05-02-2012 at 05:37 AM.

  13. #22918
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    GU 6240 resis

    Expecting 6238-41 to hold for a push lower to 6175... carries only a small detail and done it on the chart...

    GL..
    Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
    The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
    Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

  14. #22919
    Howdyy is offline Member
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    Watching Bloomberg tv and there is a bunch of bad economic reports coming out of Europe. eurusd selling off. Hopefully gbpusd will sell off also.

  15. #22920
    Alejandro Zambrano's Avatar
    Alejandro Zambrano is offline DailyFX Analyst and Forum Moderator
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    Quote Originally Posted by fazi View Post
    good morning,

    SWFX Sentiment Index :: Dukascopy Bank SA | Swiss Forex Bank | ECN Broker | Managed accounts | Swiss FX trading platform

    that is a rather sharp rise in bullish sentiment overnight - could be a sign of the turning point.

    Patryk
    Thank you for sharing. For next time please remember that the forum admin prefers if you put the actual information on the forum and not a link.

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