Archive for November, 2013

  • Not Yet A Breakout
    Posted by on November 27th, 2013 at 4:13 am, Comments: 0

    $GBPUSD has finally hit 1.6300. After hitting resistance at 1.6250 for over 3 months and dropping to 1.5850, cable finally managed to hit the big […]

  • GBP/AUD Can Go Higher Still
    Posted by on November 26th, 2013 at 12:16 pm, Comments: 0

    Sterling’s massive rally last week was led by the $GBPAUD which staged a breakout above the August consolidation highs just shy of 1.7500. This breakout […]

  • Central Bank Divergence
    Posted by on November 11th, 2013 at 1:13 pm, Comments: 0

    ECB cutting rates this month was an aggressive move when most central banks have taken to jawboning under the guise of forward guidance. Action by […]

  • A Very Big Deal
    Posted by on November 8th, 2013 at 9:00 am, Comments: 0

    After regaining the big 1.60 psych level early this week, $GBPUSD is poised to close this week back below 1.60. After last week’s close, this […]

  • GBP/USD Stays Resilient
    Posted by on November 6th, 2013 at 4:57 am, Comments: 0

    With cable starting the week below the huge psychological level at 1.6000, it seemed the currency pair was finally gathering steam to make a real […]

  • EUR/GBP Breaks Down
    Posted by on November 4th, 2013 at 6:32 am, Comments: 0

    Last week, the $EURGBP rallied right into the infamous sell zone between 0.8570 and 0.8600. And true to form, that zone held and the $EURGBP […]

  • GBP/USD Still In Range
    Posted by on November 4th, 2013 at 4:58 am, Comments: 0

    For several weeks now, the $GBPUSD has been trying to either retrace to the 50% Fibonacci at 1.5850 or break out higher above 1.6250. Neither […]