GBP/USD : Critical Point 1.5566

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Forum Policy

Return to Index

TFC Commodity Trading Forum

Hong Kong Qindex 09:49 GMT January 9, 2011
GBP/USD : Critical Point 1.5566 : Reply
GBPUSD
Entry: Target: Stop:

GBP/USD : Critical Point 1.5566

Last week the market hit the low and high at 1.5410 and 1.5645 respectively and it closed at 1.5556. The monthly cycle directional indicator suggests that the market is under pressure when it is below 1.5315. The pattern of the monthly cycle charts suggest that the market has a tendency to trade within 1.4859 - 1.5566.

GBP/USD : Monthly Cycle Charts
http://www.qindex.com/gbp.html

GBP/USD : Monthly Cycle Charts

Forum Policy

Return to Index