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GBP/USD - British Pound US Dollar

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1.6890 +0.0004    (+0.02%)
23:40:43 GMT - Real-time Data. ( Disclaimer )
Type: Currency
Group: Major
Base: British Pound
Second: US Dollar

  • Prev. Close: 1.6886
  • Bid/Ask: 1.6889 / 1.6891
  • Day's Range: 1.6884 - 1.6893
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GBP/USD 1.6890 ++0.0004 (++0.02%)
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GBP/USD Discussions

GBP/USD
 
 
 
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blue joff
blue joff Jul 31, 2014 09:18PM GMT
Umi Kum this is the Waiting Time .
Umi Kum
Umi Kum Jul 31, 2014 10:37PM GMT
For what
blue joff
blue joff Jul 31, 2014 10:44PM GMT
For confirmation
Umi Kum
Umi Kum Jul 31, 2014 10:47PM GMT
Ok

Umi Kum
Umi Kum Jul 31, 2014 06:28PM GMT
so what's now? up or down? open or close buy or what? confused?
Bryan Perez
Bryan Perez Jul 31, 2014 07:55PM GMT
What timeframe do you trade?.
Umi Kum
Umi Kum Jul 31, 2014 08:13PM GMT
Short term and from now on... Long term. I think the trend is changing again to upside but needs some sort of confirmation.
blue joff
blue joff Jul 31, 2014 09:13PM GMT
WAIT!!!
Bryan Perez
Bryan Perez Jul 31, 2014 09:30PM GMT
Long term is the time frame I trade. Easier to see where the market is heading. Have patience, if the trend is to continue it will give you more than enough time. I expect this to keep going up. But I myself are still waiting for confirmation, once I see a good green candle I am going in, especially at this 61.8 fibonnaci level. (look at the daily chart and identify the previous Higher Low (HL) and use the fibonnaci retracement.) It is a good tool for trends such as this one. Patience!!

blue joff
blue joff Jul 31, 2014 05:26PM GMT
Stuart FX,If price closes at 1.6920 that will put a stop to the downtrend ,but as for now bearish momentum dominates this pair so stay short ,bank profit or adjust your stop loss into profit and let the market do the rest.

Bryan Perez
Bryan Perez Jul 31, 2014 03:16PM GMT
Could this be the end of the trend? We are at the 61.8 right now so we could see some movement up to the 1.73 for the following months if the pattern continues. It looks like the GBP has rested enough and is going back up again. We will see what the next couple of days bring because we are at an important level right now.
Serge Arkhipenko
Serge Arkhipenko Jul 31, 2014 05:19PM GMT
Unfiortunately, we will not see 1.73 in the next 3-6 months at least, because the bullish trend is over as seen by the break of yearly support level of corridor. Thus, a long correction to the upwards trend is underway.
Bryan Perez
Bryan Perez Jul 31, 2014 05:42PM GMT
Where is the break of yearly support level?
Bryan Perez
Bryan Perez Jul 31, 2014 05:55PM GMT
Once price closes under and around 1.6705 to 1.6680 we can start talking about a certanin no doubt change in trend. This would mean breaking the previous Lower High (LH) Consequently it would be at around the break of the neck if a head and shoulder pattern would to form but we are just talking about price. .

Stuart FX
Stuart FX Jul 31, 2014 02:59PM GMT
Got a few good trades in today, I am pretty happy with it so far. Now all I need is for the pair to fall to 1.67800 over the next week or so, then I will be very happy..
Umi Kum
Umi Kum Jul 31, 2014 04:42PM GMT
It is possible to see that, but consecutively seeing 8-9 days of downfall is very very very rare so Even though it cannot be guaranteed, it is likely to see upward correction if not resuming upward trend from today onwards.

Stuart FX
Stuart FX Jul 31, 2014 01:31PM GMT
Blue Joff, do you think we will be seeing 1.67900 by next week?
Umi Kum
Umi Kum Jul 31, 2014 01:54PM GMT
I am not sure as I was wrong many times, but US data seems supportive of GBP for the time being.

Narinder Chauhan
Narinder Chauhan Jul 31, 2014 01:24PM GMT
Can it go again to 1.6900?

jasz jasz
jasz jasz Jul 31, 2014 01:08PM GMT
hrmm..still bearish

E-Currency Exchanger
E-Currency Exchanger Jul 31, 2014 12:40PM GMT
time to buy at 1.6865 :D
Umi Kum
Umi Kum Jul 31, 2014 12:42PM GMT
I think so the market oversold a lot more than necessary.
Robert Denysiak
Robert Denysiak Jul 31, 2014 12:46PM GMT
If there is more good news from USA on Friday it may go to 1.68
blue joff
blue joff Jul 31, 2014 12:51PM GMT
Reason ?
Serge Arkhipenko
Serge Arkhipenko Jul 31, 2014 01:22PM GMT
Agree to Umi, we need a bit of correction upwards. I probably will open up now, just wait another hour or two to see the dynamics.
Umi Kum
Umi Kum Jul 31, 2014 01:56PM GMT
Correction the last 8 or 9 days of consecutive downward trend. I don't say it may be the begining of the continuation of the bullish trend, but you never know though iit is minimal chance to do so.

Muthu Kumar
Muthu Kumar Jul 31, 2014 10:24AM GMT
today the market might bounce back to the open target during usd news timing .. go at ur own risk .
jasz jasz
jasz jasz Jul 31, 2014 10:48AM GMT
noted.. thanks Muthu!
 
 
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