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Lunch is for Wimps - Top stories

• GBPUSD stays below a falling trend line

  | Published: (Sep 3, 2010, 3:31 am)
  GBPUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5997. As long as the trend line resistance (Now at 1.5525) holds, another fall to 1.5200 is still possible. On the upside, the pair may be forming a cycle bottom at 1.5326, key resistance is at 1.5597, a break above [...]
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• So What to Make of the Rally?

  | Published: (Sep 2, 2010, 3:14 pm)
  The stock markets got a real shot in the arm yesterday, and any investor who?s using spread bets or contracts for difference should be quickly working out whether its got legs. The first thing that?s suspicious is that it is celebrating a fall in the jobs data in the US. To be fair this is [...]
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• GBPUSD may be forming a cycle bottom at 1.5326

  | Published: (Sep 2, 2010, 3:04 am)
  GBPUSD may be forming a cycle bottom at 1.5326 level on 4-hour chart. Key resistance is at 1.5597, a break above this level will confirm the cycle bottom and indicate that the fall from 1.5997 has completed at 1.5326 already, then the following uptrend could bring price back 1.5700-1.5800 area. However, as long as the [...]
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