Browsing: British Pound

Hello, I am going to be away for a month on holidays. So will catch up with you when I…

On 5th October 2009, I posted an early warning to traders of Sterling Pound (GBP/USD)that there is something fishy about…

This is going to be a quick update. The chart explains it all. If we come below 1.5775, we shoudl…

Fans of Eliott Wave analysis know that a trader has to be alert to correctly interpret new signals as they…

Nothing works like Elliott Wave analysis when it works!  The Pound has dropped 200 pips already. While we could expect…

We got the dip to 1.5768 and a strong rally that has reached 1.5980 at the time of writing. I…

All I can say just now is we got a nice 250 pip rally from the 1.6395 level, and that…

Whenever a currency or commodity or stock moves rapidly and too far, it sets itself up for a period of consolidation. As you are aware, Sterling has dropped like a stone from its peak, and after reaching its medium-term target of around 1.4570 (discussed earlier in this blog), the currency has been moving sideways. Today, it looks a bit better bid

Just a quick post to record the fact that the Sterling Pound has met its larger objective near 1.4570 last night and bounced sharply. (refer this post).

I warned you folks about this chop. In just 40 minutes, Sterling had dipped from 1.5830 to 1.5720 and raced higher to 1.6020. What should one do in such a market? The most sensible thing to do is to go out for a snack.