GBP/USD Daily Chart Reviews - Page 2
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  1. #11
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    Default July 30, 2012

    Once again, 1.5750 proved to be too tough a resistance level for the market to crack! GBP/USD found itself sliding down the chart in the first half of the day, only to trade choppily around 1.5700 in the second half.


  2. #12
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    Default July 31, 2012

    GBP/USD found resistance at the week open (WO) and this level served as the day's high. From there, price tumbled all the way down below 1.5650 before coming to rest near the previous day low (PDL).


  3. #13
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    Default August 1, 2012

    After briefly retesting the DO, GBP/USD shot down, most probably because of the poor manufacturing PMI. The pair kept dropping throughout the New York session, and eventually bottomed out at the 1.5550 mark.

    Last edited by BigPippin; 08-02-2012 at 02:17 AM.

  4. #14
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    Default August 2, 2012

    The ECB's rate decision was the main market mover on GBP/USD. It caused the pair to spike up sharply, only for it to reverse directions and erase all its gains later on!

    Last edited by BigPippin; 08-06-2012 at 02:06 AM.

  5. #15
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    Default August 3, 2012

    After consolidating early during the Tokyo session, GBP/USD broke higher once the U.S. NFP report showed better-than-expected results! Risk on baby!


  6. #16
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    Default August 6, 2012

    We got a perfect midday reversal at the 1.5550 minor psychological handle, homies! And a bullish divergence as confirmation to boot!


  7. #17
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    Default August 7, 2012

    Cable slid lower during the Tokyo session but soon registered bullish divergence and powered higher during the London session. It eventually tested the PDH before settling later on.


  8. #18
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    Default August 8, 2012

    The BOE inflation report and Mervyn King's big speech was this day's market mover. His words pushed Cable up about 80 pips!


  9. #19
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    Default August 9, 2012

    Dang that PDH held really nicely! Cable dropped a good 60 pips after testing it during the Tokyo session!

    Last edited by BigPippin; 08-13-2012 at 01:29 AM.

  10. #20
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    Default August 10, 2012

    A perfect double bottom preceded the strong rally that we saw in the New York session... not to mention a sweet bullish divergence!


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