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Saturday, 21 November 2009 GMT
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The Trend of the Day - GBP/USD
Tuesday, 06 October 2009 08:57:14 GMT
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- Tuesday, 29 September 2009 11:59:09 GMT The Trend of the Day - AUD/USD
- Tuesday, 22 September 2009 08:58:39 GMT Post of the Day: Risk Reward Ratios
- Thursday, 17 September 2009 18:49:26 GMT The Trend of the Day - EUR/USD
- Thursday, 17 September 2009 11:33:00 GMT The Trend of the Day - GBP/JPY
- Thursday, 17 September 2009 08:59:57 GMT Post of the Day: Determining a Price Target for Triangles
- Wednesday, 16 September 2009 12:10:21 GMT Trend of the Day - NZD/USD
- Tuesday, 15 September 2009 11:53:03 GMT The Trend of the Day - EUR/JPY
- Monday, 14 September 2009 09:39:08 GMT The Trend of the Day - NZD/USD
- Friday, 11 September 2009 10:13:14 GMT Trend of the Day - GBP/USD
- Friday, 11 September 2009 10:13:14 GMT Post of the Day: Identifying an Entry
- Thursday, 10 September 2009 11:25:08 GMT The Trend of the Day - EUR/USD
- Wednesday, 02 September 2009 12:25:55 GMT Trend of the Day - GBP/USD
- Wednesday, 02 September 2009 08:44:39 GMT Post of the Day: Controling Greed
- Tuesday, 01 September 2009 10:07:53 GMT Trend of the Day - CAD/JPY
- Tuesday, 01 September 2009 08:29:44 GMT Post of the Day: Hanging Man Candlestick
- Thursday, 27 August 2009 04:10:19 GMT Post of the Day: Professional Traders vs The Amateur Trader
- Wednesday, 26 August 2009 11:45:00 GMT Trend of the Day - EUR/GBP
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- Monday, 24 August 2009 12:20:16 GMT Trend of the Day - EUR/USD
The Trend of the Day - GBP/USD (Trend Reversal Alert)
GBP/USD dramatic fall from the heights of 2.1160 in November of 2007 down to the January lows in the 1.3500 personified the collapse of the global financial system. The bounce from this lows to the the 1.7000 highs paralleled the hope of an economic recovery. However, the Cable comeback has stalled at the 38.2% Fibonacci resistance and has broken the uptrend line. Lower swing highs and lower swing lows indicates that the down trend is back and unless Sterling can break out of this new descending trend channel, the 1.4000's could be the next stop. Look to go short in the 1.6448 area.
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