GBP/USD Daily Signals

[haniam]

Traders have started opening long positions once 1.58 has been broken.
More opening of positions on a bounce of 1.5740 if the pair retraces.
Stops are under 1.5730 and 1.5710 and while these hold targets are at 1.5895, 1.5940 and 1.5990

[frank lampard]

GBP/USD

buy now at 1.58580

take your profit at 1.58680

and make your stop loos at 1.57880

good luck in this signal

[haniam]

Traders are going long round 1.5840-60 targeting 1.5975 with stops under 1.5825
Important news release at 9:30 GMT with MPC Meeting Minutes and Public Sector Net Borrowing then 12:30 with Annual Budget Release

[frank lampard]

GBP/USD

buy now at 1.58580

take your profit at 1.58680

and make your stop loos at 1.57880

good luck in this signal

congratulation i have got the target at 1.58680 and get +10 pips

[mohandahmd]

i think that the the pair will go down again if it close daily under 1.5880 to meet 1.5815

[frank lampard]

GBP/USD

buy now at 1.58074

take your profit at 1.58174

and make your stop loos at 1.57374

good luck in this signal

[qlinks]

Looking at the 4hr chart, mar 24. 2012, gbpusd shows apparent trendline formation. Latest bars show upward bias
with impending break of the last high at 1.5922. however just above, resistance points can be seen at 1.5971-
1.5993 level. consolidation/retracement may proceed after the break of last high but on the contrary however it
may just continue to break resistance without much consolidation.

[ilhamsandy]

GBP / USD was little changed after the data RICS Housing Price Balance better than expected, which indicates the increase in the UK housing market.

This pair continues to trade near its intraday peak of the range between 1.5886 and 1.5904 in Asian session on Tuesday, last at 1.5900. identify levels of support at 1.5845, 1.5800 and 1.5770, while, for the top side, resistance levels recorded at 1.5920, 1.5960 and 1.6000.

Analysts say that the atmosphere is limited bullish on GBP / USD at a one hour chart as indicators facing higher above the center line. "In a 4-hour chart there is also a limited upward pressure, although prices have see-through above 1.5920 before it is actually able to move forward

[qlinks]

After making top at 1.6062 on apr 4,2012, gbpusd is now moving downtrend. Critical point for gbpusd is support at 1.5602. A break of this level would mean further downward move and resumption of the long-term downtrend.
Uptrend continuation is however still a possibility so long as support at 1.5602 holds.