GBP crosses

GBP/NZD worth considering a long trade on bullish break of 1.9520.

  • GBP/NZD has just broken technical resistance near 1.9520;
  • Cable looks set to break above important resistance at 1.6825;
  • The GBP looks generally strong on all crosses;
  • The NZD looks generally weak on […]
By |April 16th, 2014 8:05pm (th14164UTC14 UTC0504UTC)|AUD,NZD, fxww, GBP crosses|0 Comments

GBP: Testing important resistance levels after very decent UK jobs data

  • Unemployment rate now under 7.0%;
  • Very important technical resistance in cable at 1.6825;
  • Clean break will have market set on testing 1.7000;
  • EUR/GBP testing recent lows and also looks set to test […]
By |April 16th, 2014 7:34pm (th14164UTC14 UTC3404UTC)|fxww, GBP crosses|0 Comments

Cable: Market targeting stops below 1.6680

As many have pointed out to me since my last post, the double-top on the daily chart will lead to existing longs raising their trailing stops just to lock […]

By |April 15th, 2014 6:37pm (th14154UTC14 UTC3704UTC)|fxww, GBP crosses|0 Comments

GBP: I’m turning very bullish again

Please don’t ask me for 5 exact reasons, but the overall price action especially on the crosses suggests to me that we are set for considerably more GBP strength. […]

By |April 15th, 2014 8:28am (th14154UTC14 UTC2804UTC)|fxww, GBP crosses|1 Comment

Cable: Large stop-loss orders above 1.6830 (could get nasty in Twilight zone)

There are some large stop-loss buy orders above 1.6830 in the cable and although that’s still 40 pips away, I’d still suggest that care is warranted. If the Algos […]

By |April 10th, 2014 7:59am (th14104UTC14 UTC5904UTC)|Flows and Orders, fxww, GBP crosses|0 Comments

Cable: Consolidation over, buying dips now preferred

The USD is losing friends across the board and with pairs like EUR/GBP starting to break lower again, buying dips in cable looks like a very obvious strategy. The […]

By |April 9th, 2014 8:03am (th14094UTC14 UTC0304UTC)|fxww, GBP crosses|0 Comments

Cable: Back on bull train after more strong data

This time it was industrial output coming on top of the strong export survey overnight. Looks like the cable might be getting back on the bull train especially with […]

By |April 8th, 2014 7:51pm (th14084UTC14 UTC5104UTC)|fxww, GBP crosses|1 Comment

Not seeing many ‘value’ trades heading into London open but EUR/CAD might be worth a look

The most obvious trade would be to buy EUR/CAD with support levels nearby in both EUR/USD (1.3650/60) and USD/CAD (1.0950). That said, we could easily see a test of […]

By |April 7th, 2014 4:56pm (th14074UTC14 UTC5604UTC)|EUR crosses, fxww, GBP crosses|0 Comments

Cable: Broken record still playing the 1.6470/1.6680 range-trading tune

No change here from last week, range trading still the order of the day. I’ve got a short-term bearish bias so I’m expecting a downside test first over coming […]

By |April 7th, 2014 7:57am (th14074UTC14 UTC5704UTC)|fxww, GBP crosses|0 Comments

Cable: Sorry to sound like a broken record but we are in range trading mode

Yesterday’s price action confirmed to me that we are in a short-term holding pattern between 1.6470/1.6680 and as we are near the middle of this range now, I don’t […]

By |April 4th, 2014 8:54am (th14044UTC14 UTC5404UTC)|fxww, GBP crosses|0 Comments

GBP: Still looks heavy to me on the crosses

  • GBP/CAD was the market’s bull leader for months on end and it’s positioned accordingly! Likely to be heavy stops below 1.8275 and I prefer shorts here;
  • GBP/JPY feels overbought to […]
By |April 3rd, 2014 4:23pm (rd14034UTC14 UTC2304UTC)|fxww, GBP crosses|2 Comments

GBP: Prefer to play from short side during European trade

Obviously some of the crosses like GBP/JPY are looking bullish and others like GBP/NZD are starting to show some bullish potential but weighed against this are the bearish tendencies […]

By |April 2nd, 2014 5:33pm (nd14024UTC14 UTC3304UTC)|fxww, GBP crosses|0 Comments

Cable: Still favour sideways consolidation 1.6470/1.6690

  • The GBP still looks susceptible to losses on the crosses;
  • EUR/GBP Fibo support at .8250 held very well on all occasions;
  • GBP/AUD and GBP/CAD are also still showing signs of weakness.

I’d […]

By |April 2nd, 2014 7:24am (nd14024UTC14 UTC2404UTC)|fxww, GBP crosses|0 Comments

Cable: Closing above 1.6650 but I’m still in ‘range-trading’ camp

The fact that we are closing above previous resistance at 1.6650 is another technically bullish indicator, after the 61.8% retracement held at 1.6470. Overall the bullish bias is threatening […]

By |April 1st, 2014 7:48am (st14014UTC14 UTC4804UTC)|fxww, GBP crosses|1 Comment

Cable: Ranges still intact- looks ‘toppy’ in short-term

  • Medium term bull trend in control but short-term resistance at 1.6650 is also very solid;
  • EUR/GBP looks to have run out of short-term bearish momentum;
  • Technical support in the cable is […]
By |March 30th, 2014 4:34pm (th14303UTC14 UTC3403UTC)|fxww, GBP crosses|0 Comments

Cable: Clear range edges at 1.6470/1.6650

Those trading this range will have enjoyed a few very profitable sessions and I’d suggest that we continue to obey these levels. As we are nearer the top at […]

By |March 28th, 2014 6:36am (th14283UTC14 UTC3603UTC)|fxww, GBP crosses|2 Comments

Cable: Favour buying dips during London trade

Like I said earlier, the range edges are pretty well defined at 1.6470 and 1.6650. I fancy a topside test next, especially with EUR/GBP turning bearish again, so I’m […]

By |March 27th, 2014 5:40pm (th14273UTC14 UTC4003UTC)|fxww, GBP crosses|0 Comments

Cable: Still looking for test of 1.6650

  • GBP/AUD has made an important technical break lower;
  • EUR/GBP short-term bullish momentum is starting to wane;
  • Cable support at 1.6470 held very nicely but bearish levels near 1.6650 have also proven […]
By |March 27th, 2014 7:04am (th14273UTC14 UTC0403UTC)|fxww, GBP crosses|0 Comments