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GBP/USD: Short Term Bullish Setup
Wednesday, 26 September 2007 17:03:11 GMT
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Previous articles
Previous Articles
Jul 18 -
Forex in 60 Seconds - Citi Earnings Helps Carry, UK 2Q GDP Top Risk Next Week
Jul 18 -
A Carry Breakout A Matter Of Time As Earnings And Credit Crowds Headlines
Jul 17 -
Turkish Lira Hits 5-Month High As CBRT Hikes Rates To 16.75%
Jul 18 -
Euro Open: More Earnings, More Dollar Strength?
Jul 17 -
Forex in 60 Seconds - US Dollar, Equities Rally On JP Morgan Earnings, But Disappointing Google, Merrill Lynch News May Reverse The Moves On Friday
Jul 18 -
Euro SSI Extreme Eases After The Currency Fails To Take 1.60
Jul 17 -
Euro Open: Risk Trends to Continue Guiding Prices
Jul 16 -
Forex in 60 Seconds - Dollar Finds Relief In 17-Year High CPI Numbers
Jul 16 -
US CPI Rises At Fastest Annual Pace In 17 Years - Will the Fed Hike in Response?
Jul 17 -
Little Chance Of A Fed Hike This Year As The Market Crisis Deepens
Jul 16 -
Euro Open: Can CPI Force A Trichet Rate Hike?
Jul 16 -
US Fed: Will Throwing Money Around Solve the GSE Problem?
Jul 15 -
Forex in 60 Seconds - US Dollar Recovers From Record Low As Bernanke Remains Hawkish, Paulson Supports GSEs
Jul 15 -
Dollar Under Attack as EURUSD Hits Record High, GBPUSD at 2.00- Will Bernanke Save The Day?
Jul 15 -
Dollar Prepares Counterstrike Against the Majors
Jul 15 -
Euro Open: Can ZEW Break the Euro Rally?
Jul 14 -
Forex In 60 Seconds - Fear Of A Coming Financial Crisis Adds To Surprise Data For High Dollar Volatility
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Jul 14 -
Candlesticks See Dollar Selling Lose Momentum
Jul 14 -
5 Key Events for the Forex Market This Week 07.14.08
Written by Jamie Saettele, Technical Currency Strategist
The trendline from June of 2006 continues to support the GBPUSD and both our preffered an alternate wave counts are near term bullish. The reward to risk ratio on this trade is at least 2:1 but we plan on trailing the stop with this trade. As always, updates are published daily on current and new trades at DailyFX+. We began publishing this report in May and the trades have generated a net profit of 2,465 pips (not including the AUDCAD open trade) so far.
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