GBPUSD-14-01-2010

Hello Friends,

After a promising start by the end of the year, Pound looked totally directionless and uncertain whether to follow USD or the health of the British Economy; as a blessing in disguise the preliminary GDP and other data showed signs of improvement. While my second support posted on 6^th instant stood well, I expect 1.6355 to pose a considerable resistance.

I would exercise caution at these levels to go long as I see signs of fatigue setting in.

My Probable Supports: 1.6240, 1.6174, 1.6121; Resistances: 1.6354, 1.6376, 1.6409

Healthy And Wealthy Trading

GBPUSD-06-01-2010

Hello Friends,

As mentioned in my last post made on 3^rd instant, Pound having failed to break 1.6265, now trying to hold with 1.59 support. I would be quite cautious on the short side as I notice the last phase of the fall has been without any credible strength. Nevertheless, any upswing that is likely to happen in anticipation of BOE’s outcome on 7^th by short covering and fresh positioning, unless there is any substantial, bold changes taken by the BOE & the Govt., chances look bleak for her upward momentum to continue.

My Probable Supports: 1.5918, 1.5892, 1.5846; Resistances: 1.6038, 1.6105, 1.6240

Healthy And Wealthy Trading

GBPUSD-03-01-2010

Hello friends,

Wish you all a Peaceful, Healthy And Wealthy New Year.

Pound gave a classic start for the new year sending signals UK can still recover from her woes despite any immediate visible changes in the economic conditions. The fresh week ahead will as usual see good amount of price action, both the ways, with the usual expectations from BOE’s outcome on Thu., the Jan. 7th. I would exercise caution on the long side as I notice chances are looking good for testing 1.59 before trying to position for the Thursday’s news.

My probable Supports: 1.6084, 1.5999, 1.5907; Resistances: 1.6265, 1.6345, 1.6410

Healthy And Wealthy Trading

Healthy And Wealthy Weekend

GBPUSD-19-12-09

Hello Friends,

It has been a spectacular week for USD, the rise I would call a perfect Christmas present. The week ended with S&P again trying to show that they are still alive and active by downgrading Greece for the 2^nd time this year.

Coming to my fav. Pound, my SOLIMO feels the last phase of the fall had been without any strength, and with my last support mentioned in my previous post made a good recovery. I would expect Pound to continue to recover coming week and would be cautious on the short side unless there is any real good news for her to lose some more pips.

My probable Supports: 1.6040, 1.5928; Resistances: 1.6185, 1.6299, 1.6373

Healthy And Wealthy Trading

Healthy And Wealthy Weekend

GBPUSD-11-12-09

Hello Friends,

So far so good. Market’s muted response to BOE’s outcome is not surprising. 1.62 support has been holding well. I would expect 1.61 to test again before making any fresh attempts to surpass 1.64.

USD on the other hand has chances to come under pressure as I notice it losing momentum.

My probable Supports: 1.6210, 1.6178, 1.6092; Resistances: 1.6342, 1.6409, 1.6474

Healthy And Wealthy Trading

GBPUSD-08-12-09

Hello Friends,

Good to see you all.

1.6278, my last support mentioned in my previous post made on 6^th instance is holding well. I would exercise caution on the Short side as I notice the last leg of the fall has been without any strength. However, in the event of any abnormal rise would again lead to testing 1.62 levels before the BOE result on Thursday, the 10th instance.

Contrary to the expectation, USD is holding well with USD Index facing stiff resistance at 76.

My probable Supports: 1.6217, 1.6155, 1.6095; Resistances: 1.6345, 1.6421, 1.6496

Healthy And Wealthy Trading

GBPUSD-06-12-09

Hello friends,

So, the coming week is poised to see Pound fluctuating between 1.62 and 1.66, keeping in mind the usual expectation on interest rate decision from BOE on 10th instant. Also, I expect little chances for the USD to keep up the gains of this week and maintain the same spirit.

The most significant change that I notice since the infamous Oct.08 is, there is no more fear amongst either the traders or small no. of investors, the debilitating disease has spread among the policy makers, economists & media around the world, who are still busy religiously working on the problems rather than the solutions on an urgent basis.

My Probable Supports: 1.6404, 1.6339, 1.6278; Resistances: 1.6508, 1.6595, 1.6659

Healthy And Wealthy Weekend

Healthy And Wealthy Trading

GBPUSD-04-12-09

Hello friends,

Yet another week, 1.67 has been a major hurdle. Today being the last day of the week with market already set to discount the upcoming data and events, I would look for 1.64 to provide first level of support.

Also, it’s noteworthy to mention there has not been any big noise from BOE for some time now, which is further helping Pound to remain in a good shape, giving excellent opportunities for traders.

Probable Supports: 1.6471, 1.6401, 1.6348, 1.6265; Resistances: 1.6595, 1.6662, 1.6724

Healthy And Wealthy Trading

GBPUSD-281109

Hello Friends,

So, the Thanks Giving week ended for a change with a new problem from a relatively unexpected region, which went unnoticed for all these months.

Nevertheless, so far there has not been any bad news for American banks. The real good development is, the confusion has created sufficient cushioning for Pound which made a great come back with my last support, mentioned in previous post made on 22^nd instant.

Technically, 1.6750 has been posing a major resistance and the whole rise from 1.66 to 1.67 was without any credible strength, that had further triggered a major correction. Although the recovery was quite steep, I would exercise caution on the long side as I expect coming week some more downside.

My Probable Supports: 1.6442, 1.6340, 1.6241; Resistances: 1.6565, 1.6625, 1.6681

Healthy And Wealthy Trading

Healthy And Wealthy Weekend

GBPUSD-221109

Hello Friends,

I am sure after a hectic week, all of you would be relaxing and preparing for another high action week ahead.

The week gave good trading opportunities for both long bulls and short bulls equal chances to play around. As expected in my last analysis, the rise above 1.68 was with less strength than one would have expected.

Coming week, I expect Pound to trade between 1.63 and 1.67. Although chances look not that bright for 1.63, I would advise caution on the short side, as some of the forthcoming data would have high influence to push Pound higher from any low she tests.

I would adopt a dual trading strategy, keeping watch on both GBPUSD as well as EURGBP, to capitalize on the moves.

My probable Supports: 1.6465, 1.6395, 1.6298; Resistances: 1.6568, 1.6670, 1.6757

Healthy And Wealthy Trading

Healthy And Wealthy Weekend